Mercedes-Benz Group (OTCMKTS:MBGYY) Raised to “Hold” at Zacks Research

Mercedes-Benz Group (OTCMKTS:MBGYY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Four analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Mercedes-Benz Group Trading Up 1.9%

Shares of Mercedes-Benz Group stock opened at C$13.20 on Wednesday. The firm has a market cap of C$50.84 billion, a PE ratio of 8.52 and a beta of 0.80. Mercedes-Benz Group has a 1 year low of C$12.22 and a 1 year high of C$18.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a fifty day moving average price of C$12.99 and a 200-day moving average price of C$14.50.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$37.27 billion for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.46%. Equities research analysts anticipate that Mercedes-Benz Group will post 1.37 EPS for the current year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.