Mitsubishi Electric (OTCMKTS:MIELY) Upgraded by UBS Group to “Hold” Rating

UBS Group upgraded shares of Mitsubishi Electric (OTCMKTS:MIELY) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Separately, Zacks Research raised shares of Mitsubishi Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Mitsubishi Electric currently has an average rating of “Moderate Buy”.

Mitsubishi Electric Stock Performance

MIELY stock opened at $69.73 on Monday. The stock has a market capitalization of $73.68 billion, a price-to-earnings ratio of 65.78 and a beta of 0.52. Mitsubishi Electric has a 1 year low of $30.89 and a 1 year high of $78.69. The stock’s fifty day moving average is $67.87 and its two-hundred day moving average is $58.80.

About Mitsubishi Electric

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.