Mitsubishi Electric (OTCMKTS:MIELY) Rating Lowered to Neutral at Mizuho

Mizuho downgraded shares of Mitsubishi Electric (OTCMKTS:MIELY – Get Rating) from a buy rating to a neutral rating in a research report report published on Monday, The Fly reports.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. raised Mitsubishi Electric from an underweight rating to a neutral rating in a research report on Friday, March 10th. Citigroup raised Mitsubishi Electric from a sell rating to a neutral rating in a research report on Monday, February 13th. Finally, Jefferies Financial Group raised Mitsubishi Electric from a hold rating to a buy rating in a report on Monday, January 30th.

Mitsubishi Electric Trading Up 0.5 %

Shares of MIELY stock opened at $25.60 on Monday. The firm’s fifty day moving average price is $24.45 and its two-hundred day moving average price is $22.14. Mitsubishi Electric has a 1 year low of $17.23 and a 1 year high of $26.61.

About Mitsubishi Electric

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Mitsubishi Electric Corp. engages in the manufacture, development, and sale of electric and electronic equipment. It operates in the following business segments: Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others.