Continental Aktiengesellschaft (OTCMKTS:CTTAY) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Continental Aktiengesellschaft (OTCMKTS:CTTAY – Get Rating) from a sell rating to a hold rating in a research report sent to investors 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. “

Several other brokerages also recently weighed in on CTTAY. HSBC upgraded Continental Aktiengesellschaft from a hold rating to a buy rating in a research note on Monday, January 31st. AlphaValue downgraded Continental Aktiengesellschaft to a buy rating in a research note on Friday, March 18th. UBS Group lowered their price target on Continental Aktiengesellschaft from €136.00 ($143.16) to €110.00 ($115.79) and set a buy rating for the company in a research report on Thursday, March 17th. Credit Suisse Group lowered their price target on Continental Aktiengesellschaft from €85.00 ($89.47) to €65.00 ($68.42) and set an underperform rating for the company in a research report on Monday, March 14th. Finally, JPMorgan Chase & Co. lowered their price target on Continental Aktiengesellschaft from €110.00 ($115.79) to €103.00 ($108.42) and set a neutral rating for the company in a research report on Friday, March 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $92.60.

Shares of CTTAY stock opened at $6.41 on Monday. Continental Aktiengesellschaft has a 1-year low of $6.33 and a 1-year high of $16.20. The stock’s fifty day moving average price is $7.04 and its 200 day moving average price is $9.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.25 and a quick ratio of 0.86. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.21 and a beta of 1.52.

The business also recently disclosed a dividend, which will be paid on Wednesday, May 11th. Stockholders of record on Tuesday, May 3rd will be issued a $0.1702 dividend. The ex-dividend date is Monday, May 2nd. Continental Aktiengesellschaft’s dividend payout ratio (DPR) is presently 25.56%.

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.

Further Reading