Continental AG (OTCMKTS:CTTAY) Given Average Rating of “Buy” by Analysts

Continental AG (OTCMKTS:CTTAY) has been given an average rating of “Buy” by the eleven ratings firms that are covering the stock. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $50.00.

CTTAY has been the topic of a number of research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Continental AG in a research note on Monday, September 12th. Barclays PLC raised Continental AG from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 6th. Morgan Stanley restated a “buy” rating on shares of Continental AG in a report on Thursday, June 16th. Goldman Sachs Group Inc. cut Continental AG from a “buy” rating to a “neutral” rating in a report on Monday, June 27th. Finally, DZ Bank AG restated a “buy” rating on shares of Continental AG in a report on Monday, June 20th.

Continental AG (OTCMKTS:CTTAY) traded up 2.00% during trading on Friday, reaching $42.23. The company had a trading volume of 9,184 shares. The stock has a 50 day moving average price of $42.73 and a 200 day moving average price of $42.15. Continental AG has a 12 month low of $36.29 and a 12 month high of $49.75. The firm has a market capitalization of $42.23 billion, a price-to-earnings ratio of 12.91 and a beta of 1.97.

About Continental AG

Continental AG is an automotive supplier. The Company’s segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems.

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