Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Lowered to Hold at Jefferies Financial Group

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

A number of other equities analysts have also recently issued reports on MBGYY. Dbs Bank upgraded shares of Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Zacks Research lowered Mercedes-Benz Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mercedes-Benz Group has a consensus rating of “Moderate Buy”.

Mercedes-Benz Group Stock Down 0.7%

Mercedes-Benz Group stock opened at C$11.48 on Monday. Mercedes-Benz Group has a fifty-two week low of C$10.83 and a fifty-two week high of C$18.16. The firm has a market capitalization of C$44.22 billion, a price-to-earnings ratio of 6.92 and a beta of 0.85. The stock’s fifty day moving average is C$11.91 and its two-hundred day moving average is C$13.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.01 and a current ratio of 1.32.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$35.33 billion for the quarter. Mercedes-Benz Group had a net margin of 4.20% and a return on equity of 5.75%. Analysts predict that Mercedes-Benz Group will post 1.20 EPS for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a German automotive company that develops, manufactures and sells premium cars and vans. Its passenger-car portfolio includes Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach vehicles, while its van business serves both private and commercial customers. The company also offers related services, including financing and leasing through its mobility business. Headquartered in Stuttgart, Germany, the company serves customers in markets around the world. Its roots trace to the pioneering automobile work of Carl Benz and Gottlieb Daimler in the late 19th century; the Daimler-Benz company was formed through a merger in 1926.