Magna International (TSE:MG) Upgraded by Wolfe Research to “Hold” Rating

Magna International (TSE:MGGet Free Report) (NYSE:MGA) was upgraded by equities research analysts at Wolfe Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Royal Bank of Canada cut shares of Magna International from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 13th.

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Magna International Stock Down 0.2 %

Shares of Magna International stock opened at C$64.25 on Thursday. The company has a debt-to-equity ratio of 62.12, a current ratio of 1.12 and a quick ratio of 0.83. The company has a 50-day moving average of C$59.35 and a 200 day moving average of C$58.60. The firm has a market cap of C$18.46 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.45 and a beta of 1.60. Magna International has a 1 year low of C$51.79 and a 1 year high of C$79.98.

Magna International Company Profile

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Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.

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