Continental AG (CTTAY) Receives New Coverage from Analysts at Jefferies Group
Equities researchers at Jefferies Group assumed coverage on shares of Continental AG (OTCMKTS:CTTAY) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other equities research analysts have also commented on the company. Berenberg Bank began coverage on Continental AG in a research note on Tuesday, November 22nd. They set a “sell” rating for the company. Zacks Investment Research lowered Continental AG from a “buy” rating to a “sell” rating in a research note on Thursday, November 17th. Barclays PLC lowered Continental AG from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 14th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Continental AG in a research note on Monday, September 12th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.00.
Shares of Continental AG (OTCMKTS:CTTAY) opened at 34.665 on Tuesday. Continental AG has a 1-year low of $34.14 and a 1-year high of $49.75. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.
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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