Mitsubishi Estate (OTCMKTS:MITEY) Upgraded to “Strong-Buy” at Citigroup

Citigroup upgraded shares of Mitsubishi Estate (OTCMKTS:MITEY) to a strong-buy rating in a report released on Friday morning, Zacks.com reports.

Mitsubishi Estate Stock Up 4.0 %

Shares of MITEY stock opened at $16.51 on Friday. Mitsubishi Estate has a twelve month low of $11.63 and a twelve month high of $20.40. The stock has a market cap of $20.99 billion, a P/E ratio of 18.34 and a beta of 0.47. The stock has a 50 day moving average of $16.02 and a 200 day moving average of $16.59. The company has a current ratio of 2.10, a quick ratio of 1.46 and a debt-to-equity ratio of 1.28.

About Mitsubishi Estate

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.