Mercedes-Benz Group (OTCMKTS:MBGYY) Rating Lowered to Underweight at Barclays

Mercedes-Benz Group (OTCMKTS:MBGYY) was downgraded by equities research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Monday, MarketBeat.com reports.

Mercedes-Benz Group Price Performance

MBGYY stock opened at C$13.60 on Monday. The company’s 50-day simple moving average is C$14.86 and its 200 day simple moving average is C$16.18. Mercedes-Benz Group has a 52 week low of C$13.38 and a 52 week high of C$20.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36.

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