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

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

MBGYY has been the subject of several other research reports. 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. Sanford C. Bernstein cut shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. The Goldman Sachs Group downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Barclays cut Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Mercedes-Benz Group presently has an average rating of “Hold”.

Mercedes-Benz Group Trading Down 0.1 %

Shares of MBGYY stock opened at C$14.58 on Wednesday. Mercedes-Benz Group has a 12-month low of C$13.36 and a 12-month high of C$20.81. 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 has a 50 day moving average of C$13.99 and a 200-day moving average of C$15.33. The firm has a market cap of C$56.16 billion, a P/E ratio of 5.07 and a beta of 1.23.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its earnings results on Friday, October 25th. The company reported C$0.50 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a return on equity of 11.66% and a net margin of 7.36%. The firm had revenue of C$37.95 billion for the quarter. Sell-side analysts anticipate 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.