Continental AG (CTTAY) Cut to Hold at Zacks Investment Research
Continental AG (NASDAQ:CTTAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
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 research analysts have also recently weighed in on the stock. Deutsche Bank AG upgraded shares of Continental AG from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Natixis upgraded shares of Continental AG from a “neutral” rating to a “buy” rating in a report on Tuesday, July 18th.
Continental AG (NASDAQ CTTAY) traded down 0.95% during midday trading on Monday, reaching $49.92. 16,674 shares of the company’s stock were exchanged. The stock has a market cap of $49.92 billion and a P/E ratio of 15.62. The firm’s 50-day moving average is $49.79 and its 200 day moving average is $45.92. Continental AG has a 1-year low of $34.14 and a 1-year high of $51.27.
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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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