Magna International (TSE:MG) Rating Lowered to “Hold” at Royal Bank of Canada

Magna International (TSE:MG) (NYSE:MGA) was downgraded by equities researchers at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Magna International Trading Down 0.4 %

Shares of TSE:MG opened at C$44.71 on Friday. The company has a market capitalization of C$9.04 billion, a PE ratio of 8.40, a PEG ratio of 0.45 and a beta of 1.60. Magna International has a 12-month low of C$43.25 and a 12-month high of C$69.87. The business has a 50 day moving average of C$51.77 and a two-hundred day moving average of C$56.76. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 61.81.

Magna International Company Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier’s product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.