Mercedes-Benz Group (OTCMKTS:MBGYY) Cut to “Hold” at Berenberg Bank

Berenberg Bank cut shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein lowered shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. The Goldman Sachs Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays cut shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd. Finally, UBS Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Mercedes-Benz Group Trading Up 1.5 %

Shares of Mercedes-Benz Group stock opened at C$14.80 on Wednesday. Mercedes-Benz Group has a 52-week low of C$13.36 and a 52-week high of C$20.81. The firm has a market capitalization of C$57.00 billion, a PE ratio of 5.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 0.98. The company’s fifty day moving average price is C$14.02 and its two-hundred day moving average price is C$15.30.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its earnings results on Friday, October 25th. The company reported C$0.50 earnings per share for the quarter. The business had revenue of C$37.95 billion for the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. On average, analysts expect that Mercedes-Benz Group will post 2.45 EPS for the current 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.