Knorr-Bremse (OTCMKTS:KNRRY) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Knorr-Bremse (OTCMKTS:KNRRY) from a hold rating to a strong sell rating in a report published on Wednesday,Zacks reports.

Several other analysts also recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a research report on Tuesday, June 23rd. Five equities research 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 currently has a consensus rating of “Hold”.

Knorr-Bremse Trading Down 1.6%

Shares of OTCMKTS KNRRY opened at $28.48 on Wednesday. The stock has a market cap of $18.36 billion, a P/E ratio of 26.87, a P/E/G ratio of 0.95 and a beta of 0.38. Knorr-Bremse has a twelve month low of $22.62 and a twelve month high of $33.96. The stock has a 50 day moving average of $29.87 and a two-hundred day moving average of $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.