Macquarie Group (OTCMKTS:MQBKY – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.
A number of other research analysts have also commented on the company. UBS Group lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “sell” rating on shares of Macquarie Group in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Check Out Our Latest Stock Analysis on MQBKY
Macquarie Group Trading Down 0.7%
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.
Recommended Stories
- Five stocks we like better than Macquarie Group
- Scotiabank Sees a New Growth Story for Cloudflare
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
Receive News & Ratings for Macquarie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macquarie Group and related companies with MarketBeat.com's FREE daily email newsletter.
