Continental AG (CTTAY) Given Consensus Recommendation of “Buy” by Analysts

Continental AG (NASDAQ:CTTAY) has been assigned an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. Continental AG’s rating score has improved by 16.5% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokerages have set a one year consensus price objective of $58.20 for the company, according to Zacks. Zacks has also assigned Continental AG an industry rank of 19 out of 265 based on the ratings given to its competitors.

A number of brokerages recently issued reports on CTTAY. Deutsche Bank AG raised Continental AG from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Natixis raised Continental AG from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 18th. Finally, Zacks Investment Research lowered Continental AG from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th.

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Continental AG (CTTAY) traded down 0.02% during midday trading on Tuesday, reaching $50.68. The company’s stock had a trading volume of 21,540 shares. Continental AG has a 1-year low of $34.14 and a 1-year high of $51.27.

Continental AG Company Profile

Continental AG is an automotive supplier. The Company’s segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems.

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