Zacks Research Upgrades Mercedes-Benz Group (OTCMKTS:MBGYY) to Hold

Mercedes-Benz Group (OTCMKTS:MBGYY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Four equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mercedes-Benz Group has a consensus rating of “Buy”.

Mercedes-Benz Group Price Performance

Shares of OTCMKTS:MBGYY opened at C$13.20 on Wednesday. The firm’s 50 day moving average is C$12.99 and its two-hundred day moving average is C$14.50. Mercedes-Benz Group has a 52 week low of C$12.22 and a 52 week high of C$18.16. The firm has a market capitalization of C$50.84 billion, a P/E ratio of 8.52 and a beta of 0.80. The company has a current ratio of 1.38, a quick ratio of 1.06 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. The business had revenue of C$37.27 billion during the quarter. Mercedes-Benz Group had a return on equity of 5.46% and a net margin of 3.89%. Analysts anticipate that Mercedes-Benz Group will post 1.37 earnings per share 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.