Capreit (TSE:CAR) Stock Rating Lowered by Canaccord Genuity Group

Capreit (TSE:CAR) was downgraded by analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Capreit Price Performance

Capreit has a 12-month low of C$20.71 and a 12-month high of C$50.88.

Capreit Company Profile

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network.