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Zacks Investment Research upgraded Moelis & Co (NYSE:MC) to Hold in a report released today.

Zacks Investment Research has upgraded Moelis & Co (NYSE:MC) to Hold in a report released on 11/30/2016.

Yesterday Moelis & Co (NYSE:MC) traded 1.24% higher at $28.55. The company’s 50-day moving average is $26.32 and its 200-day moving average is $25.90. The last stock close price is up 10.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 126,736 shares of the stock were exchanged, up from an average trading volume of 97,592

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Moelis & Co (NYSE:MC)

Moelis & Co has a 52 week low of $21.91 and a 52 week high of $30.16 with a P/E ratio of 17.30 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $31.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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