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

Zacks Investment Research upgraded shares of OTC Markets Group (OTCMKTS:OTCM) from a sell rating to a hold rating in a research note published on Saturday morning.

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 raised OTC Markets Group from a hold rating to a buy rating in a research note on Thursday, July 12th.

Shares of OTCM stock opened at $28.00 on Friday. OTC Markets Group has a 12-month low of $23.12 and a 12-month high of $30.80. The company has a market capitalization of $325.52 million, a P/E ratio of 15.38 and a beta of 0.09.

OTC Markets Group (OTCMKTS:OTCM) last issued its quarterly earnings data on Tuesday, August 14th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. OTC Markets Group had a return on equity of 134.80% and a net margin of 26.16%. The business had revenue of $14.06 million during the quarter. analysts anticipate that OTC Markets Group will post 1.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a dividend of $0.15 per share. This is a positive change from OTC Markets Group’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, September 11th. OTC Markets Group’s dividend payout ratio (DPR) is presently 32.97%.

OTC Markets Group Company Profile

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.

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