Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Receives Average Rating of “Hold” from Brokerages

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Knorr-Bremse in a research note on Monday. UBS Group upgraded Knorr-Bremse to a “strong-buy” rating in a report on Friday, October 31st. Barclays reissued an “underweight” rating on shares of Knorr-Bremse in a research report on Thursday, July 10th. Finally, Citigroup reiterated a “neutral” rating on shares of Knorr-Bremse in a research note on Tuesday, August 5th.

Knorr-Bremse Stock Down 2.2%

Shares of Knorr-Bremse stock opened at $22.62 on Wednesday. The company has a 50-day simple moving average of $23.97 and a two-hundred day simple moving average of $24.59. Knorr-Bremse has a 52-week low of $17.34 and a 52-week high of $27.02.

About Knorr-Bremse

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.