Moelis & Co (NYSE:MC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 8, 2016
Having a price of $26.06, Moelis & Co (NYSE:MC) traded -0.95% lower on the day. With the last close down -1.08% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Moelis & Co has recorded a 50-day average of $26.37 and a two hundred day average of $26.27. Volume of trade was up over the average, with 87,907 shares of MC changing hands over the typical 87,560
Zacks Investment Research has downgraded Moelis & Co (NYSE:MC) to Hold in a statement released on 10/05/2016.
On 10/04/2016, Zacks Investment Research released a statement on Moelis & Co (NYSE:MC) upped the target price from $0.00 to $29.00 that suggested an upside of 0.10%.
With a total market value of $0, Moelis & Co has price-earnings ratio of 15.48 with a one year low of $21.91 and a one year high of $31.84 .
A total of 8 analysts have released a report on Moelis & Co. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $31.00.
More About Moelis & Co (NYSE:MC)
Moelis & Company is an investment banking advisory firm. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters. With over 20 offices located in North and South America, Europe, the Middle East, Asia and Australia, the Company provides information flow and cross-border solutions. The Company offers advisory services in all industries, including consumer, retail and restaurants; energy, power and infrastructure; financial institutions; financial sponsors; general industrials; healthcare; real estate, gaming, lodging and leisure, and technology, media and telecommunications. It advises clients on all aspects of public and private debt and equity transactions.
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