Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.
Separately, Dbs Bank raised shares of Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a report on Wednesday, September 30th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.
Check Out Our Latest Stock Report on Mercedes-Benz Group
Mercedes-Benz Group Price Performance
Shares of OTCMKTS MBGYY opened at C$11.37 on Wednesday. The firm has a market cap of C$43.79 billion, a PE ratio of 6.70 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$10.83 and a 1-year high of C$18.16. The company has a fifty day moving average price of C$12.21 and a 200 day moving average price of C$14.23.
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported C$0.47 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 4.20% and a return on equity of 5.75%. The business had revenue of C$35.33 billion for the quarter. Research analysts predict that Mercedes-Benz Group will post 1.32 earnings per share for the current fiscal year.
About Mercedes-Benz Group
Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. Formerly known as Daimler AG, the company adopted its current name in February 2022 after reorganizing its business around the Mercedes-Benz brand and related mobility activities.
The company develops, manufactures and sells premium passenger cars and luxury vehicles under the Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach brands. Its product range includes sedans, SUVs, coupes, convertibles and electric vehicles.
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