The Goldman Sachs Group downgraded shares of Mercedes-Benz Group (OTCMKTS:MBGYY – Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.
Several other equities analysts have also commented on the stock. UBS Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Barclays downgraded shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd.
View Our Latest Research Report on MBGYY
Mercedes-Benz Group Stock Performance
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last issued its earnings results on Friday, October 25th. The company reported C$0.50 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. The firm had revenue of C$37.95 billion during the quarter. Equities analysts forecast that Mercedes-Benz Group will post 2.45 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.
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