Schaeffler (OTCMKTS:SCFLF) Upgraded to Hold at Zacks Investment Research

Schaeffler (OTCMKTS:SCFLF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, May 15th.

According to Zacks, “Schaeffler AG engages as a supplier to the automotive and industrial sectors. It provides rolling bearing and plain bearing solutions and linear and direct drive technology. The company’s operating segment consists of Automotive and Industrial segments. Automotive segment provides product and service business with customers in the automotive sector. Industrial segment offers product and service business with manufacturers of investment goods. Schaeffler AG is headquartered in Herzogenaurach, Germany. “
Shares of Schaeffler remained flat at $$15.35 during trading on Tuesday, Marketbeat Ratings reports. 39 shares of the stock traded hands, compared to its average volume of 56. Schaeffler has a 52-week low of $15.35 and a 52-week high of $20.25.