Zacks Investment Research cut shares of OTC Markets Group (OTCMKTS:OTCM) from a buy rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “OTC Markets Group Inc. is an open, transparent, and connected marketplace platform providing financial information and technology services to broker-dealers, issuers of OTC traded securities, and market data consumers. Its OTC Link (registered) ATS directly links a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. Its OTCQuote.com, helps in viewing real-time OTC market quote and trade data; OTC FIX for quote submission, trading, and routing of execution reports. The company also provides data products comprising Real-Time+, a multicast data product suite that allows market data terminal providers and financial website operators to give the general public a view into the real-time pricing of 10,000 OTC securities. Other products include End-of-Day data file, Company data file, Quote History, research/data mining service. The company was formerly known as Pink OTC Markets Inc. and is headquartered in New York, New York. “

Shares of OTCM traded down $0.59 on Wednesday, reaching $30.55. 734 shares of the stock traded hands, compared to its average volume of 3,434. The stock has a market cap of $354.72 million, a PE ratio of 15.83 and a beta of 0.23. OTC Markets Group has a 12 month low of $25.37 and a 12 month high of $40.00.

OTC Markets Group (OTCMKTS:OTCM) last released its quarterly earnings data on Wednesday, March 6th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $14.65 million for the quarter. Analysts anticipate that OTC Markets Group will post 1.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, June 12th. OTC Markets Group’s dividend payout ratio is presently 31.09%.

OTC Markets Group Company Profile

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.

Recommended Story: How Investors Use a Balance Sheet

Get a free copy of the Zacks research report on OTC Markets Group (OTCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for OTC Markets Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OTC Markets Group and related companies with MarketBeat.com's FREE daily email newsletter.