OTC Markets Group (OTCMKTS: OTCM) upgraded by Zacks Investment Research to hold

OTC Markets Group (OTCMKTS: OTCM – Get an Assessment) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note released Saturday to investors, Zacks.com reports.

According to Zacks, “OTC Markets Group Inc. is an open, transparent and connected marketplace platform providing financial information and technology services to broker-dealers, issuers of OTC securities and consumers of market data. Its ATS OTC Link (registered) directly connects a diverse network of brokers who provide liquidity and execution services for a wide range of securities. Its OTCQuote.com helps visualize real-time OTC market quotes and trade data; OTC FIX for quote submission, negotiation and delivery of execution reports. The Company also provides data products including Real-Time+, a suite of multicast data products that enables market data terminal vendors and financial website operators to provide the general public with real-time price insight into 10,000 OTC shares. Other products include End of Day Data File, Company Data File, Quote History, Search/Data Mining Service. The company was formerly known as Pink OTC Markets Inc. and is headquartered in New York, New York. “

Shares of OTC Markets Group opened at $56.80 on Friday. OTC Markets Group has a 12-month low of $41.25 and a 12-month high of $66.94. The company has a fifty-day simple moving average of $58.38 and a 200-day simple moving average of $58.85. The stock has a market capitalization of $673.42 million, a PE ratio of 22.10, a growth price-earnings ratio of 2.55 and a beta of 0.70.

OTC Markets Group (OTCMKTS: OTCM – Get Rating) last reported quarterly earnings data on Wednesday, March 9. The financial services provider reported EPS of $0.74 for the quarter, beating analyst consensus estimates of $0.55 by $0.19. The company posted revenue of $26.19 million for the quarter, versus analyst estimates of $23.56 million. As a group, research analysts predict that OTC Markets Group will post 2.4 earnings per share for the current fiscal year.

OTC Markets Group Company Profile (Get a rating)

OTC Markets Group Inc is active in the financial markets in the United States and internationally. It offers OTC Link Alternative Trading System, a broker-to-broker trading quotation and messaging system; OTC Dealer, a real-time front-end application that provides a consolidated quoting, trading and information system to attract and access market liquidity; OTC FIX, which uses the industry-standard FIX protocol for quoting, negotiating, and routing execution reports; and OTC Link Electronic Communication Networks (ECN) and OTC Link National Quotation Bureau (NQB) which acts as executing party on an agency basis with respect to transactions executed on the Platforms.

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