Mercedes-Benz Group (OTCMKTS:MBGYY) Cut to “Underweight” at Barclays

Barclays lowered shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from an equal weight rating to an underweight rating in a research report report published on Monday morning, MarketBeat.com reports.

Mercedes-Benz Group Price Performance

Shares of MBGYY opened at C$13.87 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average price is C$14.83 and its 200 day moving average price is C$16.17. Mercedes-Benz Group has a 52 week low of C$13.38 and a 52 week high of C$20.81.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its earnings results on Friday, October 25th. The company reported C$0.50 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 during the quarter. As a group, sell-side analysts forecast that Mercedes-Benz Group will post 2.55 earnings per share for the current fiscal year.

Mercedes-Benz Group Company Profile

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.