Mercedes-Benz Group (OTCMKTS:MBGYY) Upgraded to Strong-Buy at Jefferies Financial Group

Mercedes-Benz Group (OTCMKTS:MBGYY) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Mercedes-Benz Group Trading Up 1.1%

Shares of MBGYY stock opened at C$12.38 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. Mercedes-Benz Group has a twelve month low of C$12.22 and a twelve month high of C$18.16. The company’s 50-day moving average price is C$14.21 and its 200-day moving average price is C$15.82. The stock has a market cap of C$47.68 billion, a price-to-earnings ratio of 8.31 and a beta of 0.78.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.44 earnings per share (EPS) for the quarter. The firm had revenue of C$36.98 billion during the quarter. Mercedes-Benz Group had a net margin of 3.74% and a return on equity of 5.33%. As a group, equities analysts predict that Mercedes-Benz Group will post 1.46 earnings per share 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.