Mercedes-Benz Group (OTCMKTS:MBGAF) Upgraded by UBS Group to “Strong-Buy”

UBS Group upgraded shares of Mercedes-Benz Group (OTCMKTS:MBGAF) to a strong-buy rating in a report released on Wednesday morning, Zacks.com reports.

Mercedes-Benz Group Stock Down 2.9 %

Shares of OTCMKTS MBGAF opened at $64.70 on Wednesday. The firm has a fifty day simple moving average of $67.58 and a two-hundred day simple moving average of $73.07. Mercedes-Benz Group has a 12 month low of $58.43 and a 12 month high of $83.50. The company has a current ratio of 1.26, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $69.21 billion, a PE ratio of 4.72 and a beta of 1.27.

Mercedes-Benz Group (OTCMKTS:MBGAF) last released its quarterly earnings results on Friday, July 26th. The company reported $3.18 earnings per share (EPS) for the quarter. The company had revenue of $39.55 billion during the quarter. Mercedes-Benz Group had a net margin of 8.52% and a return on equity of 13.79%. Equities analysts expect that Mercedes-Benz Group will post 12.73 earnings per share for the current year.

Mercedes-Benz Group Company Profile

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.