Zacks Investment Research Downgrades Continental AG (CTTAY) to Sell
Continental AG (OTCMKTS:CTTAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
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 research firms have also recently commented on CTTAY. UBS AG reiterated a “buy” rating on shares of Continental AG in a report on Thursday, September 14th. Natixis upgraded Continental AG from a “neutral” rating to a “buy” rating in a report on Tuesday, July 18th. Deutsche Bank AG upgraded Continental AG from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, DZ Bank AG reiterated a “buy” rating on shares of Continental AG in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $51.00.
Continental AG (OTCMKTS CTTAY) opened at $50.77 on Tuesday. The firm has a market capitalization of $51,431.54, a P/E ratio of 17.80, a PEG ratio of 1.90 and a beta of 1.42. Continental AG has a twelve month low of $34.14 and a twelve month high of $51.98. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.18.
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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