OTC Markets Group (OTCM) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of OTC Markets Group (OTCMKTS:OTCM) from a hold rating to a buy rating in a report released on Tuesday. The brokerage currently has $35.00 price target on the financial services provider’s stock.

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 traded securities, and market data consumers. Its OTC Link (registered) ATS directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. Its OTCQuote.com, helps in viewing real-time OTC market quote and trade data; OTC FIX for quote submission, trading, and routing of execution reports. The company also provides data products comprising Real-Time+, a multicast data product suite that allows market data terminal providers and financial website operators to give the general public a view into the real-time pricing of 10,000 OTC securities. Other products include End-of-Day data file, Company data file, Quote History, research/data mining service. The company was formerly known as Pink OTC Markets Inc. and is headquartered in New York, New York. “

Separately, ValuEngine upgraded OTC Markets Group from a hold rating to a buy rating in a report on Wednesday, October 17th.

OTCMKTS:OTCM opened at $29.87 on Tuesday. The company has a market cap of $360.82 million, a price-to-earnings ratio of 16.41 and a beta of 0.09. OTC Markets Group has a fifty-two week low of $23.12 and a fifty-two week high of $34.94.

The company also recently announced a None dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 21st will be issued a $0.65 dividend. The ex-dividend date is Tuesday, November 20th. OTC Markets Group’s dividend payout ratio is currently 32.97%.

About OTC Markets Group

OTC Markets Group Inc engages in the financial market business in the United States. It offers OTC Link Alternative Trading System, which connects a network of brokers-dealers providing liquidity and execution services for various securities. The company also provides investors, traders, institutions, and regulators with a suite of enterprise and user level market data licenses through direct or extranet connectivity, third party market data redistributors, or order management systems.

See Also: What is a Stop Order?

Get a free copy of the Zacks research report on OTC Markets Group (OTCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for OTC Markets Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OTC Markets Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply