Dbs Bank Upgrades Mercedes-Benz Group (OTCMKTS:MBGYY) to “Hold”

Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) was upgraded by stock analysts at Dbs Bank from a “moderate sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

MBGYY has been the topic of a number of other reports. Jefferies Financial Group upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research upgraded shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mercedes-Benz Group presently has an average rating of “Buy”.

View Our Latest Report on MBGYY

Mercedes-Benz Group Price Performance

Shares of OTCMKTS:MBGYY opened at C$11.21 on Wednesday. Mercedes-Benz Group has a twelve month low of C$11.14 and a twelve month high of C$18.16. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 0.67. The company has a market cap of C$43.18 billion, a price-to-earnings ratio of 7.23 and a beta of 0.88. The business has a 50 day moving average price of C$13.06 and a 200 day moving average price of C$13.81.

Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C$37.27 billion for the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%. Research analysts predict that Mercedes-Benz Group will post 1.37 earnings per share for the current year.

About Mercedes-Benz Group

(Get Free Report)

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, performance vehicles, luxury automobiles and light commercial vans under the Mercedes-Benz brand. Its portfolio includes Mercedes-AMG performance models and Mercedes-Maybach luxury vehicles, as well as electric and conventional vehicles.

The group also provides automotive financing, leasing, insurance and fleet-management services through Mercedes-Benz Mobility.

Recommended Stories

Analyst Recommendations for Mercedes-Benz Group (OTCMKTS:MBGYY)

Receive News & Ratings for Mercedes-Benz Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercedes-Benz Group and related companies with MarketBeat.com's FREE daily email newsletter.