Continental AG (CTTAY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Continental AG (NASDAQ:CTTAY) from a buy rating to a hold rating in a research report released on Tuesday morning.

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. “

CTTAY has been the subject of a number of other research reports. 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. Barclays PLC upgraded shares of Continental AG from an equal weight rating to an overweight rating in a research note on Wednesday, July 6th.

Shares of Continental AG (NASDAQ:CTTAY) opened at 41.89 on Tuesday. The company has a market capitalization of $41.89 billion and a PE ratio of 12.80. Continental AG has a 52 week low of $36.29 and a 52 week high of $49.75. The firm’s 50-day moving average is $42.62 and its 200 day moving average is $42.09.

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.

5 Day Chart for NASDAQ:CTTAY

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