Macquarie Group (OTCMKTS:MQBKY) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Macquarie Group (OTCMKTS:MQBKY) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group reiterated a “sell” rating on shares of Macquarie Group in a research note on Tuesday, April 21st. UBS Group downgraded Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Macquarie Group presently has a consensus rating of “Reduce”.

Macquarie Group Stock Performance

Shares of Macquarie Group stock opened at $174.24 on Tuesday. Macquarie Group has a fifty-two week low of $122.37 and a fifty-two week high of $179.35. The company’s 50 day moving average price is $171.87 and its two-hundred day moving average price is $155.62.

About Macquarie Group

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.