Macquarie Group (OTCMKTS:MQBKY) Upgraded by The Goldman Sachs Group to Hold Rating

Macquarie Group (OTCMKTS:MQBKYGet Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Macquarie Group Stock Down 0.8%

Macquarie Group stock opened at $137.85 on Tuesday. Macquarie Group has a 1-year low of $98.20 and a 1-year high of $157.45. The company has a fifty day simple moving average of $133.24 and a 200 day simple moving average of $140.98.

About Macquarie Group

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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.

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