Mitsubishi Estate (OTCMKTS:MITEY) Rating Increased to Strong-Buy at Citigroup

Mitsubishi Estate (OTCMKTS:MITEY) was upgraded by Citigroup to a “strong-buy” rating in a report issued on Friday, Zacks.com reports.

Mitsubishi Estate Stock Performance

OTCMKTS MITEY opened at $16.51 on Friday. The business’s 50 day moving average price is $16.02 and its 200-day moving average price is $16.59. Mitsubishi Estate has a fifty-two week low of $11.63 and a fifty-two week high of $20.40. The company has a market cap of $20.99 billion, a P/E ratio of 18.34 and a beta of 0.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.46 and a current ratio of 2.10.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.