OTC Markets Group (OTCM) Getting Somewhat Positive Media Coverage, Analysis Finds
News headlines about OTC Markets Group (OTCMKTS:OTCM) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. OTC Markets Group earned a daily sentiment score of 1.67 on their scale. InfoTrie also gave headlines about the financial services provider an news buzz score of 2 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the immediate future.
Separately, Zacks Investment Research upgraded shares of OTC Markets Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Friday, March 8th.
OTCMKTS OTCM opened at $34.25 on Wednesday. OTC Markets Group has a 12 month low of $25.37 and a 12 month high of $40.00. The firm has a market cap of $406.77 million, a price-to-earnings ratio of 17.75 and a beta of 0.22.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a $0.15 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.75%. OTC Markets Group’s payout ratio is currently 31.09%.
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About OTC Markets Group
OTC Markets Group Inc engages in the financial market business in the United States. It offers OTC Link Alternative Trading System, which provides a suite of quotation and trade-messaging services offering broker-dealers the control of trades and choice of counterparties for execution and attracting order flow, as well as complying with Financial Industry Regulatory Authority and Securities and Exchange Commission regulations; and OTC Link Electronic Communication Networks (ECN) that acts as an agency intermediary in relation to various transactions executed on the ECN's platform.
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