Mercedes-Benz Group (OTCMKTS:MBGYY) Upgraded to “Hold” at Dbs Bank

Dbs Bank upgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY – Free Report) from a moderate sell rating to a hold rating in a research note published on Wednesday morning,Zacks reports.

MBGYY has been the topic of several other reports. Zacks Research raised shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research note 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 report on Monday, June 29th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Get Our Latest Stock Analysis on MBGYY

Mercedes-Benz Group Stock Performance

Shares of OTCMKTS MBGYY opened at C$11.21 on Wednesday. The stock has a market cap of C$43.18 billion, a price-to-earnings 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 has a 1-year low of C$11.14 and a 1-year high of C$18.16. The stock’s 50-day moving average is C$13.06 and its 200 day moving average is C$13.81.

Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$37.27 billion during the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%. On average, sell-side analysts anticipate that Mercedes-Benz Group will post 1.37 EPS for the current fiscal year.

About Mercedes-Benz Group

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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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Analyst Recommendations for Mercedes-Benz Group (OTCMKTS:MBGYY)

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