Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Increased to Hold at Zacks Research

Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group upgraded 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 issued a Hold rating to the stock. According to MarketBeat, Mercedes-Benz Group currently has a consensus rating of “Buy”.

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Mercedes-Benz Group Stock Performance

OTCMKTS MBGYY opened at C$13.20 on Wednesday. The firm has a market cap of C$50.84 billion, a P/E ratio of 8.52 and a beta of 0.80. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is C$12.99 and its 200-day moving average is C$14.50. Mercedes-Benz Group has a 12-month low of C$12.22 and a 12-month high of C$18.16.

Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.46%. The company had revenue of C$37.27 billion during the quarter. Sell-side analysts predict that Mercedes-Benz Group will post 1.37 earnings per share for the current year.

Mercedes-Benz Group Company Profile

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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.

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