Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Lowered to “Hold” at The Goldman Sachs Group

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently commented on MBGYY. UBS Group cut Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Barclays lowered shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a report on Monday, December 2nd.

Mercedes-Benz Group Stock Performance

Shares of MBGYY stock opened at C$14.49 on Tuesday. The company has a 50 day moving average price of C$13.95 and a 200-day moving average price of C$15.44. 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 firm has a market capitalization of C$55.81 billion, a PE ratio of 5.04 and a beta of 1.23. Mercedes-Benz Group has a 52 week low of C$13.36 and a 52 week high of C$20.81.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data 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 during the quarter. As a group, equities research analysts expect that Mercedes-Benz Group will post 2.45 earnings per share for the current 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.