Daimler Truck (OTCMKTS:DTRUY) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Daimler Truck (OTCMKTS:DTRUY) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. DZ Bank raised Daimler Truck from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a research report on Thursday, February 19th. The Goldman Sachs Group reissued a “neutral” rating on shares of Daimler Truck in a research report on Wednesday, January 7th. Citigroup reissued a “buy” rating on shares of Daimler Truck in a research report on Wednesday, February 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Daimler Truck in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Daimler Truck Price Performance

OTCMKTS DTRUY opened at $26.18 on Tuesday. The business’s 50 day moving average price is $24.70 and its 200-day moving average price is $22.65. Daimler Truck has a fifty-two week low of $17.48 and a fifty-two week high of $26.45.

Daimler Truck Company Profile

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.