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

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

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

Mercedes-Benz Group Price Performance

OTCMKTS MBGYY opened at C$14.80 on Wednesday. The firm’s 50 day moving average is C$14.02 and its 200-day moving average is C$15.30. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. 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 market capitalization of C$57.00 billion, a PE ratio of 5.15 and a beta of 1.23.

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

About Mercedes-Benz Group

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.