Bayerische Motoren Werke (OTCMKTS:BAMXF) Downgraded by Zacks Investment Research to “Hold”

Bayerische Motoren Werke (OTCMKTS:BAMXF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “BAYERISCHE MOTOREN WERKE AG is a multi-brand automobile manufacturer that focuses on the premium segments of the worldwide automobile and motorcycle markets. It has three brands: BMW, MINI and Rolls-Royce. The Company’s BMW automobile range includes the 1 Series, a sports hatchback; the 3 Series, including sedan, touring, coupe and convertible models; the 5 Series, available in sedan and touring models; the 6 Series, available as a coupe or convertible; the 7 Series large sedan; the Z4 roadster and coupe; the sports utility vehicles, X3, X5 and X6 and M models, such as M3, M5 and M6. A variety of motorcycles are also available under the BMW brand. “

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reiterated a “hold” rating on shares of Bayerische Motoren Werke in a report on Thursday, October 17th. DZ Bank reiterated a “buy” rating on shares of Bayerische Motoren Werke in a report on Wednesday, November 6th. ValuEngine upgraded shares of Bayerische Motoren Werke from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, UBS Group reissued a “neutral” rating on shares of Bayerische Motoren Werke in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $75.30.

BAMXF stock traded up $0.95 during trading on Wednesday, reaching $79.85. The stock had a trading volume of 1,985 shares, compared to its average volume of 5,196. Bayerische Motoren Werke has a 1-year low of $64.31 and a 1-year high of $88.25. The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $47.49 billion, a P/E ratio of 6.21 and a beta of 1.23. The firm has a fifty day moving average price of $78.76 and a 200 day moving average price of $73.06.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment develops, manufactures, assembles, and sells automobiles and off-road vehicles under the BMW, MINI, and Rolls-Royce brands; and spare parts and accessories, as well as offers mobility services.

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