Continental (CTTAY) Upgraded by Zacks Investment Research to Hold

Continental (OTCMKTS:CTTAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, December 19th.

According to Zacks, “Continental AG manufactures tires, automotive parts and industrial products. The Company’s operating segment consists of Chassis and Safety segment, which develops and produces systems for the automotive industry; Powertrain segment, which integrates system solutions for the powertrain and vehicles of all categories; Interior segment, which offers solutions for information management in order to network drivers and passengers with their own and other vehicles, Tires segment, which offers tires for passenger cars, trucks, buses, construction side vehicles, industrial vehicles, bicycles and motorcycles and ContiTech segment, which develops products made from rubber and plastic. Continental AG is headquartered in Hanover, Germany. “

Separately, UBS Group reaffirmed a “buy” rating on shares of Continental in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Continental presently has a consensus rating of “Buy” and an average target price of $60.00.

Continental (OTCMKTS:CTTAY) traded up $0.98 during mid-day trading on Tuesday, hitting $59.63. The company had a trading volume of 35,961 shares, compared to its average volume of 17,816. Continental has a twelve month low of $38.68 and a twelve month high of $60.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.09. The firm has a market cap of $58,970.00, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.65 and a beta of 1.55.

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About Continental

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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