Mercedes-Benz Group (OTCMKTS:MBGYY) Cut to Hold at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other analysts also recently weighed in on the company. UBS Group downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Barclays lowered Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Mercedes-Benz Group Price Performance

Shares of OTCMKTS MBGYY opened at C$14.15 on Tuesday. 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 firm has a market capitalization of C$54.50 billion, a PE ratio of 4.92 and a beta of 1.23. Mercedes-Benz Group has a 1-year low of C$13.36 and a 1-year high of C$20.81. The business’s fifty day moving average price is C$13.95 and its two-hundred day moving average price is C$15.43.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Friday, October 25th. The company reported C$0.50 EPS for the quarter. The business 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%. On average, research 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.