Hsbc Global Res Upgrades Mercedes-Benz Group (OTCMKTS:MBGYY) to “Strong-Buy”

Mercedes-Benz Group (OTCMKTS:MBGYY) was upgraded by equities researchers at Hsbc Global Res to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

MBGYY has been the topic of a number of other reports. Royal Bank Of Canada downgraded shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Monday, November 24th. Finally, DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Mercedes-Benz Group Trading Down 3.1%

Shares of OTCMKTS:MBGYY traded down C$0.54 during trading on Tuesday, reaching C$17.05. 17,116 shares of the stock were exchanged, compared to its average volume of 204,456. Mercedes-Benz Group has a 12-month low of C$12.55 and a 12-month high of C$18.16. The firm’s 50-day moving average price is C$17.29 and its 200 day moving average price is C$16.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market cap of C$65.67 billion, a price-to-earnings ratio of 5.41 and a beta of 0.82.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its earnings results on Wednesday, October 29th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$37.58 billion for the quarter. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%. On average, sell-side analysts anticipate that Mercedes-Benz Group will post 2.26 earnings per share 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.