Zacks Investment Research lowered shares of Mitsubishi Estate Co Ltd (OTCMKTS:MITEY) from a hold rating to a sell rating in a research note released on Wednesday morning.

Shares of Mitsubishi Estate Co (OTCMKTS:MITEY) traded down 1.58% on Wednesday, hitting $18.35. 645 shares of the stock traded hands. The firm has a market cap of $25.46 billion and a P/E ratio of 30.38. The stock has a 50-day moving average price of $19.44 and a 200 day moving average price of $19.49. Mitsubishi Estate Co has a 52 week low of $17.10 and a 52 week high of $21.03.

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Mitsubishi Estate Co Company Profile

Mitsubishi Estate Co, Ltd. is engaged in the development of real estate, including office buildings, residential properties and commercial properties. The Building Business segment is engaged in the development, leasing and property management of office buildings. Its Lifestyle Property segment operates the PREMIUM OUTLETS, MARK IS and other retail facilities.

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