Continental Aktiengesellschaft (OTCMKTS:CTTAY) Lifted to Hold at Zacks Investment Research

Continental Aktiengesellschaft (OTCMKTS:CTTAYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, 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 subject of a number of other reports. UBS Group dropped their price objective on shares of Continental Aktiengesellschaft from €136.00 ($147.83) to €110.00 ($119.57) and set a “buy” rating for the company in a report on Thursday, March 17th. JPMorgan Chase & Co. dropped their price objective on shares of Continental Aktiengesellschaft from €110.00 ($119.57) to €103.00 ($111.96) and set a “neutral” rating for the company in a report on Friday, March 11th. AlphaValue downgraded shares of Continental Aktiengesellschaft to a “buy” rating in a research note on Friday, March 18th. Credit Suisse Group lowered their price target on shares of Continental Aktiengesellschaft from €85.00 ($92.39) to €65.00 ($70.65) and set an “underperform” rating for the company in a research note on Monday, March 14th. Finally, Morgan Stanley lowered their price target on shares of Continental Aktiengesellschaft from €100.00 ($108.70) to €95.00 ($103.26) in a research note on Wednesday, March 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Continental Aktiengesellschaft currently has an average rating of “Hold” and an average price target of $92.60.

Shares of OTCMKTS CTTAY traded up $0.06 during mid-day trading on Wednesday, reaching $7.00. 114,374 shares of the company were exchanged, compared to its average volume of 399,226. Continental Aktiengesellschaft has a 52 week low of $6.39 and a 52 week high of $16.20. The company has a quick ratio of 0.86, a current ratio of 1.25 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $14.00 billion, a PE ratio of 7.78, a PEG ratio of 0.23 and a beta of 1.62. The company’s 50 day moving average price is $8.14 and its 200 day moving average price is $10.02.

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.

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