Mercedes-Benz Group (OTCMKTS:MBGYY) Stock Gets Downgrade from 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 research note issued to investors on Monday, Zacks reports.

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

Mercedes-Benz Group Price Performance

Shares of OTCMKTS:MBGYY opened at C$11.48 on Monday. The business’s 50 day simple moving average is C$11.91 and its 200-day simple moving average is C$13.97. 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 company has a debt-to-equity ratio of 0.67, a current ratio of 1.32 and a quick ratio of 1.01. Mercedes-Benz Group has a 12 month low of C$10.83 and a 12 month high of C$18.16.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$0.47 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 5.75% and a net margin of 4.20%. The business had revenue of C$35.33 billion for the quarter. As a group, equities analysts forecast that Mercedes-Benz Group will post 1.20 earnings per share 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.