Mercedes-Benz Group (OTCMKTS:MBGYY) Stock Rating Lowered by Zacks Research

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Separately, Dbs Bank upgraded Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Mercedes-Benz Group Stock Up 2.2%

MBGYY opened at C$11.37 on Wednesday. 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 firm has a 50 day moving average price of C$12.21 and a 200-day moving average price of C$14.23. Mercedes-Benz Group has a twelve month low of C$10.83 and a twelve month high of C$18.16. 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 (OTCMKTS:MBGYY) last announced its earnings results on Wednesday, October 28th. The company reported C$0.47 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 4.20% and a return on equity of 5.75%. The company had revenue of C$35.33 billion during the quarter. Equities research analysts forecast that Mercedes-Benz Group will post 1.32 earnings per share for the current year.

Mercedes-Benz Group Company Profile

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.