Mitsubishi Electric (OTCMKTS:MIELY) Upgraded to Strong-Buy at Zacks Research

Mitsubishi Electric (OTCMKTS:MIELY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Mitsubishi Electric Price Performance

Shares of MIELY opened at $69.42 on Monday. The firm has a market cap of $73.35 billion, a P/E ratio of 65.49 and a beta of 0.75. The stock has a 50 day simple moving average of $74.47 and a two-hundred day simple moving average of $71.69. Mitsubishi Electric has a 1 year low of $43.03 and a 1 year high of $86.00.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.