Zacks Investment Research upgraded shares of Continental AG (NASDAQ:CTTAY) from a hold rating to a buy rating in a research note published on Monday morning. Zacks Investment Research currently has $47.00 target price on the stock.
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 firms also recently commented on CTTAY. Barclays PLC raised shares of Continental AG from an equal weight rating to an overweight rating in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. downgraded shares of Continental AG from a buy rating to a neutral rating in a research report on Monday, June 27th.
Shares of Continental AG (NASDAQ:CTTAY) opened at 41.40 on Monday. Continental AG has a 12 month low of $36.29 and a 12 month high of $49.75. The firm’s 50-day moving average is $42.73 and its 200 day moving average is $42.15. The firm has a market capitalization of $41.40 billion and a P/E ratio of 12.72.
Continental AG Company Profile
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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