Goldman Sachs Group lowered shares of Continental (OTCMKTS:CTTAY) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, The Fly reports.
Other research analysts have also recently issued reports about the stock. Kepler Capital Markets reissued a neutral rating on shares of Continental in a research report on Wednesday, June 19th. Zacks Investment Research cut shares of Continental from a hold rating to a strong sell rating in a research report on Monday, July 15th. Royal Bank of Canada assumed coverage on shares of Continental in a research report on Monday, June 3rd. They set a sector perform rating on the stock. DZ Bank reissued a neutral rating on shares of Continental in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. cut shares of Continental from a neutral rating to an underweight rating in a research report on Sunday, June 16th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Continental presently has an average rating of Hold.
OTCMKTS CTTAY opened at $12.01 on Monday. The company’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $14.95. Continental has a 52 week low of $11.50 and a 52 week high of $18.85. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 0.12. The stock has a market cap of $24.06 billion, a P/E ratio of 7.02, a PEG ratio of -23.47 and a beta of 1.26.
Continental Aktiengesellschaft develops products, systems, and services for customers in various industries worldwide. The company 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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