Mercedes-Benz Group (OTCMKTS:MBGYY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

MBGYY has been the topic of several other reports. DZ Bank upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada lowered Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Mercedes-Benz Group presently has an average rating of “Moderate Buy”.

Mercedes-Benz Group Price Performance

Shares of OTCMKTS:MBGYY opened at C$16.66 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of C$15.97 and a 200 day simple moving average of C$15.31. Mercedes-Benz Group has a fifty-two week low of C$12.55 and a fifty-two week high of C$17.36. The company has a market cap of C$64.17 billion, a PE ratio of 5.29 and a beta of 1.01.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.36 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.69%. The firm had revenue of C$37.58 billion for the quarter. On average, sell-side analysts anticipate that Mercedes-Benz Group will post 2.26 EPS for the current 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.