Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Lowered to “Market Perform” at Sanford C. Bernstein

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

Several other research analysts also recently issued reports on MBGYY. Barclays downgraded shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. UBS Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Mercedes-Benz Group Trading Down 0.3 %

Shares of Mercedes-Benz Group stock opened at C$14.11 on Thursday. The stock has a market capitalization of C$54.35 billion, a P/E ratio of 4.91 and a beta of 1.23. 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 quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. The company has a 50-day simple moving average of C$13.95 and a 200 day simple moving average of C$15.41.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its quarterly earnings data on Friday, October 25th. The company reported C$0.50 earnings per share for the quarter. The company 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%. Research analysts expect that Mercedes-Benz Group will post 2.45 earnings per share for the current fiscal 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.