Mercedes-Benz Group (OTCMKTS:MBGYY) Downgraded to “Hold” Rating by Berenberg Bank

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts also recently weighed in on MBGYY. 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 shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a report on Monday, December 2nd. 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, January 14th. Finally, UBS Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Mercedes-Benz Group Trading Down 0.1 %

Shares of OTCMKTS:MBGYY opened at C$14.58 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.98 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 business has a 50 day moving average of C$13.99 and a two-hundred day moving average of C$15.33. The company has a market capitalization of C$56.16 billion, a PE ratio of 5.07 and a beta of 1.23.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Friday, October 25th. The company reported C$0.50 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. The firm had revenue of C$37.95 billion for the quarter. As a group, analysts forecast that Mercedes-Benz Group will post 2.45 EPS for the current year.

About Mercedes-Benz Group

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.