Continental AG (CTTAY) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Continental AG (NASDAQ:CTTAY) from a hold rating to a buy rating in a report published on Monday. The firm currently has $47.00 price target 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. “

Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group Inc. cut Continental AG from a buy rating to a neutral rating in a research note on Monday, June 27th. Barclays PLC upgraded Continental AG from an equal weight rating to an overweight rating in a research note on Wednesday, July 6th.

Continental AG (NASDAQ:CTTAY) opened at 42.05 on Monday. The company has a 50-day moving average of $42.80 and a 200 day moving average of $42.16. Continental AG has a one year low of $36.29 and a one year high of $49.75. The firm has a market cap of $42.05 billion and a P/E ratio of 12.92.

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.

5 Day Chart for NASDAQ:CTTAY

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