Wall Street is negative on MFS Multimarket Income Trust (MMT). On average, analysts give the stock a Strong Sell rating. The average price target is $, which means analysts expect the stock to decrease by -100.00% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 0, which is better than 0% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With MFS Multimarket Income Trust Stock Today?
MFS Multimarket Income Trust (MMT) stock is trading at $5.62 as of 10:26 AM on Tuesday, Jul 21, an increase of $0.03, or 0.55% from the previous closing price of $5.59. Volume today is high. So far 426,189 shares have traded compared to average volume of 143,596 shares. The stock has traded between $5.61 and $5.63 so far today.
