Continental Aktiengesellschaft (OTCMKTS:CTTAY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, 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 research firms have also recently weighed in on CTTAY. AlphaValue cut shares of Continental Aktiengesellschaft to a “buy” rating in a report on Friday, March 18th. Morgan Stanley cut their price objective on shares of Continental Aktiengesellschaft from €100.00 ($107.53) to €95.00 ($102.15) in a report on Wednesday, March 30th. JPMorgan Chase & Co. cut their price objective on shares of Continental Aktiengesellschaft from €110.00 ($118.28) to €103.00 ($110.75) and set a “neutral” rating on the stock in a report on Friday, March 11th. HSBC raised shares of Continental Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, January 31st. Finally, Credit Suisse Group cut their price objective on shares of Continental Aktiengesellschaft from €85.00 ($91.40) to €65.00 ($69.89) and set an “underperform” rating on the stock in a report on Monday, March 14th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.60.
About Continental Aktiengesellschaft (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.
- Get a free copy of the StockNews.com research report on Continental Aktiengesellschaft (CTTAY)
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