Continental (OTCMKTS:CTTAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, January 30th.
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. “
Several other analysts also recently commented on CTTAY. Barclays reaffirmed a “neutral” rating on shares of Continental in a research note on Tuesday, January 16th. DZ Bank reissued a “buy” rating on shares of Continental in a research note on Tuesday, January 16th. Finally, Deutsche Bank reissued a “buy” rating on shares of Continental in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $69.00.
Shares of Continental (OTCMKTS CTTAY) traded up $1.67 during trading on Tuesday, reaching $57.20. The company had a trading volume of 13,099 shares, compared to its average volume of 27,165. The firm has a market cap of $55,589.17, a P/E ratio of 19.58, a PEG ratio of 1.27 and a beta of 1.56. Continental has a twelve month low of $39.91 and a twelve month high of $61.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.09 and a quick ratio of 0.79.
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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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