Mitsubishi UFJ Financial Group (MUFG) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a buy rating in a research report report published on Friday morning. The firm currently has $7.50 price objective on the stock.

According to Zacks, “Mitsubishi Tokyo provides a variety of financial and investment services such as commercial banking, asset management services and trust banking. “

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Shares of MUFG stock traded down $0.16 on Friday, hitting $6.45. The stock had a trading volume of 775,257 shares, compared to its average volume of 1,657,361. Mitsubishi UFJ Financial Group has a 52-week low of $5.94 and a 52-week high of $8.11.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Friday, February 2nd. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $13.37 billion during the quarter.

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Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others.

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