TMX Group Limited (OTCMKTS:TMXXF) Given Average Rating of “Buy” by Brokerages

Shares of TMX Group Limited (OTCMKTS:TMXXF) have been assigned an average recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms recently issued reports on TMXXF. Scotiabank restated an “outperform” rating on shares of TMX Group in a research report on Monday. BMO Capital Markets reaffirmed an “outperform” rating on shares of TMX Group in a research note on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of TMX Group in a research note on Thursday, April 23rd. National Bank Financial upgraded TMX Group from a “sector perform” rating to an “outperform” rating in a report on Monday, July 27th. Finally, TD Securities reaffirmed a “buy” rating on shares of TMX Group in a report on Friday, April 17th.

TMX Group Stock Performance

Shares of TMXXF stock remained flat at $36.81 during mid-day trading on Monday. 77,680 shares of the stock traded hands, compared to its average volume of 33,611. The company has a 50-day simple moving average of $35.23 and a 200 day simple moving average of $36.13. TMX Group has a 1 year low of $31.66 and a 1 year high of $41.95.

About TMX Group

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.