Continental (CTTAY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Continental (OTCMKTS:CTTAY) from a hold rating to a sell rating in a report published on Wednesday 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. “

A number of other research analysts have also recently commented on the stock. UBS Group cut shares of Continental from a buy rating to a neutral rating in a research report on Thursday, January 10th. Jefferies Financial Group lowered Continental from a buy rating to a hold rating in a research note on Tuesday, December 4th. Citigroup lowered Continental from a buy rating to a neutral rating in a research note on Thursday, November 15th. DZ Bank reissued a neutral rating on shares of Continental in a research note on Monday, January 14th. Finally, Kepler Capital Markets reissued a buy rating on shares of Continental in a research note on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold.

Shares of OTCMKTS CTTAY opened at $16.67 on Wednesday. Continental has a one year low of $13.30 and a one year high of $28.32. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a market cap of $32.58 billion, a price-to-earnings ratio of 9.92 and a beta of 1.18.

About Continental

Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. It operates through Chassis&Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis&Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.

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