Toyota Motor Corp (ADR) (TM) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Aug 25, 2016.
Toyota Motor Corp (ADR) closed down -0.78 points or -0.65% at $119.8 with 1,69,869 shares getting traded on Tuesday. Post opening the session at $120.27, the shares hit an intraday low of $119.8 and an intraday high of $120.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. The Company operates through three business segments. The Automobile segment is engaged in the design manufacture and sale of car products including sedans minivans 2BOX cars sport-utility vehicles and trucks as well as the related parts and accessories. The Finance segment is involved in the provision of financial services related to the sale of the Company’s products as well as the leasing of vehicles and equipment. The Others segment is involved in the design manufacture and sale of housings as well as the information and communication business.