Mercedes-Benz Group (OTCMKTS:MBGYY) Stock Rating Lowered by Berenberg Bank

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by equities research analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

MBGYY has been the subject of several other reports. Barclays cut shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. The Goldman Sachs Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. UBS Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Sanford C. Bernstein lowered shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Mercedes-Benz Group Price Performance

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 current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of C$13.99 and a 200 day moving average price of C$15.33. The stock has a market cap of C$56.16 billion, a PE ratio of 5.07 and a beta of 1.23.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Friday, October 25th. The company reported C$0.50 EPS for the quarter. The firm had revenue of C$37.95 billion during the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. Equities research 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.