Continental Aktiengesellschaft (OTCMKTS:CTTAY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “

CTTAY has been the topic of a number of other reports. Royal Bank of Canada lowered their price target on Continental Aktiengesellschaft from €83.00 ($89.25) to €81.00 ($87.10) in a report on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft decreased their price target on Continental Aktiengesellschaft from €95.00 ($102.15) to €90.00 ($96.77) and set a “hold” rating for the company in a research report on Friday, March 11th. HSBC upgraded Continental Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Monday, January 31st. UBS Group decreased their price target on Continental Aktiengesellschaft from €136.00 ($146.24) to €110.00 ($118.28) and set a “buy” rating for the company in a research report on Thursday, March 17th. Finally, AlphaValue lowered Continental Aktiengesellschaft to a “buy” rating in a research report on Friday, March 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $90.67.

Shares of CTTAY traded up $0.10 during trading hours on Monday, reaching $7.61. 180,800 shares of the company’s stock traded hands, compared to its average volume of 389,761. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.25 and a quick ratio of 0.86. Continental Aktiengesellschaft has a twelve month low of $6.33 and a twelve month high of $16.20. The business’s fifty day simple moving average is $7.02 and its two-hundred day simple moving average is $8.92.

Continental Aktiengesellschaft Company Profile (Get Rating)

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.

Further Reading

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