Ashmore Group (OTCMKTS:AJMPF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Ashmore Group plc is an emerging market investment manager. It invests in the public equity and fixed income markets. Ashmore Group plc is based in London, United Kingdom. “

Separately, Berenberg Bank began coverage on shares of Ashmore Group in a report on Thursday, June 15th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.00.

Ashmore Group (OTCMKTS:AJMPF) remained flat at $4.85 during midday trading on Thursday. The stock has a market capitalization of $3.24 billion and a price-to-earnings ratio of 14.79. The stock has a 50-day moving average of $4.66 and a 200 day moving average of $4.54. Ashmore Group has a 1-year low of $3.35 and a 1-year high of $4.87.

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About Ashmore Group

Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.

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