Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Lowered to “Hold” at UBS Group

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by UBS Group from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Barclays downgraded shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday.

Mercedes-Benz Group Price Performance

OTCMKTS:MBGYY opened at C$13.87 on Tuesday. Mercedes-Benz Group has a 52 week low of C$13.38 and a 52 week high of C$20.81. The firm’s 50-day simple moving average is C$14.83 and its 200 day simple moving average is C$16.17. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Friday, October 25th. The company reported C$0.50 EPS for the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. The business had revenue of C$37.95 billion for the quarter. On average, analysts forecast that Mercedes-Benz Group will post 2.55 EPS for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.