Rating Change: Is Continental AG (OTCMKTS:CTTAY) Worth Your Time? Jefferies Thinks So

November 29, 2016 - By Ellis Scott

Rating Change: Is Continental AG (OTCMKTS:CTTAY) Worth Your Time? Jefferies Thinks So

How Jefferies Rates Continental AG (OTCMKTS:CTTAY)

Investment analysts at Jefferies has initiated coverage on shares of Continental AG (OTCMKTS:CTTAY) in an analyst note sent to investors on 29 November, Octafinance.com reports. The broker set Buy rating on CTTAY stock.

Continental AG (ADR) (OTCMKTS:CTTAY) Ratings Coverage

Out of 6 analysts covering Continental AG (OTCMKTS:CTTAY), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Continental AG has been the topic of 8 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Friday, January 8. The company was initiated on Tuesday, October 20 by Morgan Stanley. Berenberg initiated the shares of CTTAY in a report on Tuesday, November 22 with “Sell” rating. As per Thursday, January 7, the company rating was downgraded by HSBC. The rating was downgraded by Barclays Capital on Friday, October 14 to “Equal Weight”. Barclays Capital upgraded Continental AG (ADR) (OTCMKTS:CTTAY) on Wednesday, July 6 to “Overweight” rating. Goldman Sachs upgraded the stock to “Buy” rating in Friday, September 18 report. On Saturday, August 8 the stock rating was upgraded by Zacks to “Sell”.

About 4,423 shares traded hands. Continental AG (ADR) (OTCMKTS:CTTAY) has declined 20.57% since April 26, 2016 and is downtrending. It has underperformed by 25.83% the S&P500.

Analysts await Continental AG (ADR) (OTCMKTS:CTTAY) to report earnings on March, 17.

Continental AG is an automotive supplier. The company has a market cap of $35.28 billion. The Company’s divisions include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has a 11.89 P/E ratio. The Chassis & Safety division develops, produces and markets intelligent systems.

According to Zacks Investment Research, “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 Company Profile

Continental AG is an automotive supplier. The Company’s divisions include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Powertrain division integrates system solutions for the powertrains in vehicles of all classes. Interior division provides information management in vehicles and develops and produces information, communication and network solutions. Tires division offers safety through short braking distances and grip, as well as reducing fuel consumption. ContiTech division develops, makes and markets products for machine and plant engineering, mining, the automotive industry and other important industries.

More notable recent Continental AG (ADR) (OTCMKTS:CTTAY) news were published by: Prnewswire.com which released: “Continental AG Webcast Presentation Now Available for On-demand Viewing: dbVIC …” on November 21, 2016, also Prnewswire.com with their article: “Continental AG to Present at the dbVIC – Deutsche Bank ADR Virtual Investor …” published on November 11, 2016, Fool.com published: “Google, IBM, & Continental AG Teaming up on Self-Driving Vehicles?” on August 26, 2013. More interesting news about Continental AG (ADR) (OTCMKTS:CTTAY) were released by: Nasdaq.com and their article: “Siemens AG-ADR (SI): New Analyst Report from Zacks Equity Research – Zacks …” published on February 03, 2014 as well as 4-Traders.com‘s news article titled: “Continental AG : Continental Concentrates its Know-How in Vehicle Dynamics …” with publication date: September 06, 2013.

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