Mercedes-Benz Group (OTCMKTS:MBGYY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks reports.

Separately, Dbs Bank raised shares of Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a report on Wednesday, September 30th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mercedes-Benz Group has a consensus rating of “Buy”.

Mercedes-Benz Group Stock Performance

Shares of Mercedes-Benz Group stock opened at C$11.37 on Wednesday. The firm’s fifty day simple moving average is C$12.21 and its 200-day simple moving average is C$14.23. The stock has a market capitalization of C$43.79 billion, a price-to-earnings ratio of 6.85 and a beta of 0.88. Mercedes-Benz Group has a 12 month low of C$10.83 and a 12 month high of C$18.16. 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 (OTCMKTS:MBGYY) last issued 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 net margin of 4.20% and a return on equity of 5.75%. The firm had revenue of C$35.33 billion during the quarter. As a group, equities analysts forecast that Mercedes-Benz Group will post 1.32 earnings per share for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. Formerly known as Daimler AG, the company adopted its current name in February 2022 after reorganizing its business around the Mercedes-Benz brand and related mobility activities.

The company develops, manufactures and sells premium passenger cars and luxury vehicles under the Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach brands. Its product range includes sedans, SUVs, coupes, convertibles and electric vehicles.