Mercedes-Benz Group (OTCMKTS:MBGYY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

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

Mercedes-Benz Group Trading Up 1.9%

Shares of Mercedes-Benz Group stock opened at C$13.20 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market capitalization of C$50.84 billion, a P/E 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’s fifty day moving average is C$12.99 and its two-hundred day moving average is C$14.50.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.46%. The business had revenue of C$37.27 billion during the quarter. Analysts forecast that Mercedes-Benz Group will post 1.37 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.