Mercedes-Benz Group (OTCMKTS:MBGYY) Lowered to Underweight Rating by Barclays

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Monday,Briefing.com Automated Import reports.

Mercedes-Benz Group Stock Up 1.3 %

Shares of Mercedes-Benz Group stock traded up C$0.18 on Monday, reaching C$13.91. 191,660 shares of the company were exchanged, compared to its average volume of 336,422. Mercedes-Benz Group has a 1-year low of C$13.38 and a 1-year high of C$20.81. The company has a market cap of C$59.53 billion, a P/E ratio of 4.83 and a beta of 1.26. 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 stock’s 50 day moving average price is C$14.94 and its 200-day moving average price is C$16.25.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Friday, October 25th. The company reported C$0.50 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a return on equity of 11.66% and a net margin of 7.36%. The firm had revenue of C$37.95 billion during the quarter. As a group, equities analysts forecast that Mercedes-Benz Group will post 2.55 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.