Mercedes-Benz Group (OTCMKTS:MBGYY) Lowered to "Hold" Rating by Royal Bank Of Canada

Key Points

• Mercedes-Benz Group was downgraded from a "moderate buy" rating to a "hold" rating by the Royal Bank of Canada, signaling a change in investor sentiment.
• The company reported a net margin of 4.85% and a return on equity of 7.24%, with earnings per share of C$0.27 for the last quarter.
• Mercedes-Benz Group has a current market capitalization of C$58.81 billion and has experienced a price range between C$12.55 and C$16.87 over the past year.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) was downgraded by Royal Bank Of Canada from a "moderate buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Mercedes-Benz Group Price Performance

Shares of OTCMKTS:MBGYY opened at C$15.27 on Tuesday. The company has a market capitalization of C$58.81 billion, a P/E ratio of 4.64 and a beta of 0.98. Mercedes-Benz Group has a 1-year low of C$12.55 and a 1-year high of C$16.87. The firm's 50 day simple moving average is C$15.24 and its two-hundred day simple moving average is C$14.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.32 and a quick ratio of 0.97.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 4.85% and a return on equity of 7.24%. The firm had revenue of C$37.62 billion during the quarter. Research analysts expect that Mercedes-Benz Group will post 2.26 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.