Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) was upgraded by analysts at Dbs Bank from a “moderate sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.
A number of other brokerages have also recently weighed in on MBGYY. Zacks Research upgraded Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Jefferies Financial Group raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mercedes-Benz Group has an average rating of “Buy”.
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Mercedes-Benz Group Stock Performance
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.41%. The firm had revenue of C$37.27 billion during the quarter. On average, sell-side analysts predict that Mercedes-Benz Group will post 1.37 EPS for the current year.
About Mercedes-Benz Group
Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, performance vehicles, luxury automobiles and light commercial vans under the Mercedes-Benz brand. Its portfolio includes Mercedes-AMG performance models and Mercedes-Maybach luxury vehicles, as well as electric and conventional vehicles.
The group also provides automotive financing, leasing, insurance and fleet-management services through Mercedes-Benz Mobility.
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