Macquarie Group (OTCMKTS:MQBKY) Rating Lowered to Hold at Zacks Research

Macquarie Group (OTCMKTS:MQBKY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. UBS Group downgraded shares of Macquarie Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Macquarie Group in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Macquarie Group Stock Down 0.7%

MQBKY stock opened at $174.24 on Tuesday. The business has a 50 day moving average of $171.87 and a 200 day moving average of $155.62. Macquarie Group has a twelve month low of $122.37 and a twelve month high of $179.35.

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.