Knorr-Bremse (OTCMKTS:KNRRY) Downgraded by Zacks Research to “Strong Sell”

Knorr-Bremse (OTCMKTS:KNRRY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

A number of other research firms have also issued reports on KNRRY. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Knorr-Bremse Stock Performance

Shares of OTCMKTS KNRRY opened at $28.48 on Wednesday. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 0.95 and a beta of 0.38. Knorr-Bremse has a 1 year low of $22.62 and a 1 year high of $33.96. The stock’s 50-day simple moving average is $29.87 and its 200-day simple moving average is $29.50.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and control systems for rail vehicles and commercial vehicles. The company develops safety-critical technologies designed to improve vehicle control, operational efficiency and passenger or driver safety.

Its Rail Vehicle Systems division supplies braking systems, doors, entrance systems, climate-control equipment and other components for high-speed trains, regional and commuter trains, metros, trams and locomotives. Its Commercial Vehicle Systems division provides braking systems, air-supply equipment, steering and driver-assistance technologies, and related control systems for trucks, buses, trailers and other commercial vehicles.

Founded in 1905 by Georg Knorr, the company serves transportation manufacturers, fleet operators and rail customers in markets around the world.