Zacks Investment Research Downgrades Continental AG (NASDAQ:CTTAY) to Hold
Continental AG (NASDAQ:CTTAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” 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. “
Several other equities analysts also recently issued reports on the stock. Natixis upgraded shares of Continental AG from a “neutral” rating to a “buy” rating in a report on Tuesday. BNP Paribas upgraded shares of Continental AG from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 31st.
Continental AG (NASDAQ:CTTAY) traded up 0.53% during mid-day trading on Tuesday, reaching $45.63. 31,886 shares of the company’s stock were exchanged. Continental AG has a one year low of $34.14 and a one year high of $45.88.
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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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