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 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 brokerages have also recently issued reports on CTTAY. Barclays PLC raised Continental AG from an “equal weight” rating to an “overweight” rating in a report on Wednesday, July 6th. Goldman Sachs Group Inc. cut Continental AG from a “buy” rating to a “neutral” rating in a report on Monday, June 27th.
Shares of Continental AG (NASDAQ:CTTAY) traded up 0.43% on Tuesday, hitting $41.89. The stock had a trading volume of 14,428 shares. The company has a 50-day moving average of $42.62 and a 200-day moving average of $42.09. The company has a market cap of $41.89 billion and a P/E ratio of 12.80. Continental AG has a 52-week low of $36.29 and a 52-week high of $49.75.
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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