Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) Given Average Recommendation of “Hold” by Analysts

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms recently commented on KNRRY. UBS Group raised Knorr-Bremse to a “strong-buy” rating in a research note on Friday, October 31st. Citigroup restated a “neutral” rating on shares of Knorr-Bremse in a research report on Tuesday, August 5th. Zacks Research downgraded shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Knorr-Bremse in a research note on Monday, November 3rd.

Knorr-Bremse Stock Up 3.6%

Shares of OTCMKTS KNRRY opened at $24.43 on Wednesday. The business has a fifty day moving average price of $23.74 and a two-hundred day moving average price of $24.59. Knorr-Bremse has a fifty-two week low of $17.34 and a fifty-two 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.