Daimler Truck (OTCMKTS:DTRUY) Stock Rating Lowered by Zacks Research

Daimler Truck (OTCMKTS:DTRUY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Daimler Truck in a research note on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Daimler Truck in a research report on Thursday. Barclays upgraded shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research report on Tuesday, July 7th. Finally, Kepler Capital Markets upgraded shares of Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Daimler Truck Trading Up 0.0%

OTCMKTS DTRUY opened at $26.07 on Thursday. The business’s 50-day moving average price is $25.16 and its two-hundred day moving average price is $24.83. Daimler Truck has a 12 month low of $19.43 and a 12 month high of $28.73.

Daimler Truck (OTCMKTS:DTRUY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.39). The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.29 billion. As a group, sell-side analysts anticipate that Daimler Truck will post 1.97 earnings per share for the current year.

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.