Continental AG (CTTAY) Downgraded by Zacks Investment Research to “Hold”
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. “
Other research analysts also recently issued research reports about the stock. Barclays PLC upgraded shares of Continental AG from an equal weight rating to an overweight rating in a report on Wednesday, July 6th. Goldman Sachs Group Inc. cut shares of Continental AG from a buy rating to a neutral rating in a research note on Monday, June 27th.
Shares of Continental AG (NASDAQ:CTTAY) opened at 41.89 on Tuesday. Continental AG has a one year low of $36.29 and a one year high of $49.75. The company has a market cap of $41.89 billion and a PE ratio of 12.80. The company’s 50-day moving average price is $42.62 and its 200 day moving average price is $42.09.
About Continental AG
Continental AG (Continental) is a global automotive supplier, tire manufacturer and industrial partner to other industries. Continental operates through six segments: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.
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