Macquarie Group (OTCMKTS:MQBKY) Receives Sell Rating from The Goldman Sachs Group

Macquarie Group (OTCMKTS:MQBKY)‘s stock had its “sell” rating reiterated by investment analysts at The Goldman Sachs Group in a research note issued to investors on Tuesday, MarketBeat reports.

Other equities research analysts have also issued reports about the company. Zacks Research lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. UBS Group upgraded Macquarie Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Macquarie Group has a consensus rating of “Hold”.

Macquarie Group Trading Down 0.4%

Shares of Macquarie Group stock opened at $172.55 on Tuesday. Macquarie Group has a 52-week low of $107.73 and a 52-week high of $178.01. The stock has a 50-day simple moving average of $148.34 and a 200-day simple moving average of $142.37.

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.