Continental (OTCMKTS:CTTAY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks.com reports.
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. “
A number of other analysts also recently issued reports on the stock. DZ Bank reissued a “hold” rating on shares of Continental in a report on Friday, June 28th. Royal Bank of Canada set a €67.00 ($77.91) price objective on shares of Daimler and gave the company a “buy” rating in a report on Monday, June 3rd. Kepler Capital Markets reissued a “neutral” rating on shares of Continental in a report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. downgraded shares of Continental from a “neutral” rating to an “underweight” rating in a report on Sunday, June 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.
OTCMKTS CTTAY traded up $0.01 during trading on Monday, reaching $13.25. The company’s stock had a trading volume of 154,076 shares, compared to its average volume of 90,042. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.03 and a quick ratio of 0.74. The stock has a market cap of $26.64 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of -25.98 and a beta of 1.28. Continental has a 12 month low of $12.83 and a 12 month high of $23.78. The company has a 50 day moving average of $14.03.
Continental Company Profile
Continental Aktiengesellschaft develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis & Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.
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