Bayerische Motoren Werke AG (BAMXF) Cut to “Hold” at Zacks Investment Research
Bayerische Motoren Werke AG (OTCMKTS:BAMXF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday.
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. “
Separately, ValuEngine lowered shares of Bayerische Motoren Werke AG from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th.
Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) traded up 0.62% during midday trading on Monday, reaching $104.96. The company had a trading volume of 2,772 shares. Bayerische Motoren Werke AG has a 12 month low of $82.99 and a 12 month high of $104.96. The firm’s 50 day moving average price is $98.82 and its 200-day moving average price is $94.95. The company has a market capitalization of $68.97 billion, a P/E ratio of 7.53 and a beta of 1.55.
About Bayerische Motoren Werke AG
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells cars 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 cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brand names; and spare parts and accessories, as well as provides mobility services.
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