Sanford C. Bernstein downgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY - Free Report) from an outperform rating to a market perform rating in a report released on Thursday, MarketBeat Ratings reports.
Other analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. UBS Group lowered Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 3rd. Finally, Barclays downgraded Mercedes-Benz Group from an "equal weight" rating to an "underweight" rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
View Our Latest Stock Analysis on MBGYY
Mercedes-Benz Group Stock Performance
OTCMKTS MBGYY traded down C$0.34 on Thursday, hitting C$14.15. 722,634 shares of the company traded hands, compared to its average volume of 600,063. The business's 50 day moving average price is C$13.95 and its 200-day moving average price is C$15.44. Mercedes-Benz Group has a 52-week low of C$13.36 and a 52-week high of C$20.81. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. The company has a market capitalization of C$54.50 billion, a price-to-earnings ratio of 4.92 and a beta of 1.23.
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. The firm had revenue of C$37.95 billion for the quarter. Mercedes-Benz Group had a return on equity of 11.66% and a net margin of 7.36%. Equities analysts expect 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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