Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Lowered to “Strong Sell” at Zacks Research

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Separately, Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mercedes-Benz Group currently has an average rating of “Buy”.

Mercedes-Benz Group Stock Performance

OTCMKTS:MBGYY opened at C$13.38 on Tuesday. The stock has a market cap of C$51.53 billion, a P/E ratio of 8.63 and a beta of 0.81. The firm’s fifty day simple moving average is C$13.38 and its 200 day simple moving average is C$15.07. Mercedes-Benz Group has a twelve month low of C$12.22 and a twelve month high of C$18.16. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.66.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$0.33 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.46%. The business had revenue of C$37.27 billion for the quarter. As a group, research analysts predict that Mercedes-Benz Group will post 1.43 EPS for the current year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.