Continental (OTCMKTS:CTTAY) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of Continental (OTCMKTS:CTTAY) from a buy rating to a hold rating in a research report released on Monday, January 8th.

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 restated a buy rating on shares of Continental in a research report on Thursday, September 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Continental has a consensus rating of Buy and an average target price of $60.00.

Continental (OTCMKTS CTTAY) traded down $0.24 during trading hours on Monday, reaching $59.39. 30,226 shares of the company were exchanged, compared to its average volume of 17,816. Continental has a 1 year low of $38.68 and a 1 year high of $60.28. The company has a current ratio of 1.09, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market cap of $58,970.00, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55.

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Continental 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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