Mercedes-Benz Group (OTCMKTS:MBGYY) Downgraded to Hold Rating by The Goldman Sachs Group

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by investment analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Barclays lowered shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd. UBS Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd.

Mercedes-Benz Group Trading Up 1.7 %

Shares of OTCMKTS:MBGYY opened at C$14.49 on Tuesday. The stock has a market capitalization of C$55.81 billion, a price-to-earnings ratio of 5.04 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 company has a 50 day moving average price of C$13.95 and a 200 day moving average price of C$15.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its 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 business had revenue of C$37.95 billion for the quarter. On average, research analysts anticipate that Mercedes-Benz Group will post 2.45 EPS 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.