Mercedes-Benz Group (OTCMKTS:MBGYY) Downgraded by Jefferies Financial Group to “Hold”

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by stock analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

MBGYY has been the subject of several other research reports. Dbs Bank upgraded shares of Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 30th. Zacks Research lowered Mercedes-Benz Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Mercedes-Benz Group Price Performance

Mercedes-Benz Group stock opened at C$11.48 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of C$11.91 and a 200-day simple moving average of C$13.97. The stock has a market cap of C$44.22 billion, a P/E ratio of 6.92 and a beta of 0.85. Mercedes-Benz Group has a 12-month low of C$10.83 and a 12-month high of C$18.16.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$0.47 earnings per share for the quarter. The business had revenue of C$35.33 billion during the quarter. Mercedes-Benz Group had a net margin of 4.20% and a return on equity of 5.75%. Equities analysts expect that Mercedes-Benz Group will post 1.20 EPS for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a German automotive company that develops, manufactures and sells premium cars and vans. Its passenger-car portfolio includes Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach vehicles, while its van business serves both private and commercial customers. The company also offers related services, including financing and leasing through its mobility business. Headquartered in Stuttgart, Germany, the company serves customers in markets around the world. Its roots trace to the pioneering automobile work of Carl Benz and Gottlieb Daimler in the late 19th century; the Daimler-Benz company was formed through a merger in 1926.