Mercedes-Benz Group (OTCMKTS:MBGYY) Stock Rating Raised to Hold at Dbs Bank

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

Other research analysts have also recently issued research reports about the company. Zacks Research raised Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Jefferies Financial Group upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Four research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on MBGYY

Mercedes-Benz Group Stock Down 1.7%

Shares of MBGYY opened at C$11.21 on Wednesday. The stock’s 50-day moving average price is C$13.06 and its two-hundred day moving average price is C$13.81. Mercedes-Benz Group has a 12 month low of C$11.14 and a 12 month high of C$18.16. The company has a market capitalization of C$43.18 billion, a PE ratio of 7.23 and a beta of 0.88. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67.

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. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%.The firm had revenue of C$37.27 billion for the quarter. On average, analysts anticipate that Mercedes-Benz Group will post 1.37 EPS 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.

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