The Goldman Sachs Group cut shares of Mercedes-Benz Group (OTCMKTS:MBGYY - Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.
A number of other research firms have also recently commented on MBGYY. Barclays cut shares of Mercedes-Benz Group from an "equal weight" rating to an "underweight" rating in a report on Monday, December 2nd. UBS Group downgraded Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".
Check Out Our Latest Report on Mercedes-Benz Group
Mercedes-Benz Group Stock Performance
Shares of OTCMKTS MBGYY traded down C$0.34 during midday trading on Tuesday, reaching C$14.15. The company's stock had a trading volume of 722,634 shares, compared to its average volume of 600,063. The stock has a market capitalization of C$54.50 billion, a P/E ratio of 4.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 0.98. The firm has a 50 day moving average price of C$13.95 and a 200-day moving average price of C$15.44. Mercedes-Benz Group has a 12-month low of C$13.36 and a 12-month high of C$20.81.
Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The company reported C$0.50 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 11.66% and a net margin of 7.36%. The business had revenue of C$37.95 billion for the quarter. As a group, equities analysts predict that Mercedes-Benz Group will post 2.45 earnings per share for the current 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.
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