Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Lowered to Hold at Berenberg Bank

Berenberg Bank lowered shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on MBGYY. The Goldman Sachs Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Sanford C. Bernstein cut 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 report on Monday, December 2nd. Finally, UBS Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Mercedes-Benz Group has a consensus rating of “Hold”.

Mercedes-Benz Group Stock Performance

OTCMKTS MBGYY opened at C$14.58 on Wednesday. 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 fifty day moving average of C$13.99 and a 200-day moving average of C$15.33. The company has a market capitalization of C$56.16 billion, a P/E ratio of 5.07 and a beta of 1.23. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36.

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