Mercedes-Benz Group (OTCMKTS:MBGYY) Cut to Strong Sell at Zacks Research

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

Separately, Jefferies Financial Group upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mercedes-Benz Group presently has an average rating of “Buy”.

Mercedes-Benz Group Stock Performance

Shares of OTCMKTS MBGYY opened at C$13.38 on Tuesday. Mercedes-Benz Group has a 1 year low of C$12.22 and a 1 year high of C$18.16. The firm has a market cap of C$51.53 billion, a P/E ratio of 8.63 and a beta of 0.81. The stock has a fifty day moving average price of C$13.38 and a two-hundred day moving average price of C$15.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. Mercedes-Benz Group had a return on equity of 5.46% and a net margin of 3.89%.The company had revenue of C$37.27 billion for the quarter. Research analysts forecast that Mercedes-Benz Group will post 1.43 EPS for the current fiscal year.

About Mercedes-Benz Group

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.