Mercedes-Benz Group (OTCMKTS:MBGYY) Downgraded to “Strong Sell” Rating by Zacks Research

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Jefferies Financial Group upgraded 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, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Mercedes-Benz Group Stock Performance

Shares of MBGYY opened at C$13.38 on Tuesday. Mercedes-Benz Group has a one year low of C$12.22 and a one year high of C$18.16. The company has a 50-day moving average of C$13.38 and a two-hundred day moving average of C$15.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market cap of C$51.53 billion, a price-to-earnings ratio of 8.63 and a beta of 0.81.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted 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 firm had revenue of C$37.27 billion during the quarter. On average, equities research analysts expect that Mercedes-Benz Group will post 1.43 earnings per share for the current 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.