Berenberg Bank downgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY - Free Report) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.
Several other analysts also recently issued reports on the company. Sanford C. Bernstein downgraded Mercedes-Benz Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Barclays downgraded Mercedes-Benz Group from an "equal weight" rating to an "underweight" rating in a research note on Monday, December 2nd. UBS Group cut Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group cut Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Mercedes-Benz Group currently has an average rating of "Hold".
View Our Latest Research Report on Mercedes-Benz Group
Mercedes-Benz Group Stock Performance
Shares of OTCMKTS MBGYY traded up C$0.22 during midday trading on Wednesday, hitting C$14.80. 167,158 shares of the company's stock were exchanged, compared to its average volume of 521,124. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. Mercedes-Benz Group has a 12 month low of C$13.36 and a 12 month high of C$20.81. The company's 50 day moving average price is C$14.02 and its 200 day moving average price is C$15.30. The firm has a market capitalization of C$57.00 billion, a PE ratio of 5.15 and a beta of 1.23.
Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last issued its earnings results on Friday, October 25th. The company reported C$0.50 EPS for the quarter. Mercedes-Benz Group had a return on equity of 11.66% and a net margin of 7.36%. The company had revenue of C$37.95 billion during the quarter. As a group, analysts predict that Mercedes-Benz Group will post 2.45 earnings per share for the current fiscal year.
About Mercedes-Benz Group
(
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Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.
Further Reading
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