Macquarie Group (OTCMKTS:MQBKY) Upgraded at UBS Group

Macquarie Group (OTCMKTS:MQBKY) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group raised shares of Macquarie Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Macquarie Group Trading Up 0.8%

MQBKY opened at $145.75 on Wednesday. The stock has a fifty day simple moving average of $134.30 and a two-hundred day simple moving average of $140.63. Macquarie Group has a 12-month low of $98.20 and a 12-month high of $157.45.

Macquarie Group Company Profile

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.