Zacks Investment Research upgraded shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning. Zacks Investment Research currently has $99.00 price objective on the stock.

According to Zacks, “BAYERISCHE MOTOREN WERKE AG is a multi-brand automobile manufacturer that focuses on the premium segments of the worldwide automobile and motorcycle markets. It has three brands: BMW, MINI and Rolls-Royce. The Company’s BMW automobile range includes the 1 Series, a sports hatchback; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, available in sedan and touring models; the 6 Series, available as a coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models, such as M3, M5 and M6. A variety of motorcycles are also available under the BMW brand. “

Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) opened at 83.33 on Tuesday. The firm has a 50-day moving average price of $85.18 and a 200-day moving average price of $84.62. The stock has a market capitalization of $54.73 billion, a P/E ratio of 7.35 and a beta of 1.91. Bayerische Motoren Werke AG has a 52-week low of $71.14 and a 52-week high of $110.54.

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