Zacks Research Downgrades Daimler Truck (OTCMKTS:DTRUY) to Strong Sell

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

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

Daimler Truck Stock Up 0.0%

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

Daimler Truck (OTCMKTS:DTRUY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts anticipate that Daimler Truck will post 1.97 EPS for the current fiscal 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.