Ratings Change: Continental AG (OTCMKTS:CTTAY) Is Now Covered By Jefferies. What to Expect?

November 29, 2016 - By Clifton Ray

Ratings Change: Continental AG (OTCMKTS:CTTAY) Is Now Covered By Jefferies. What to Expect?

How Jefferies Rates Continental AG (OTCMKTS:CTTAY)

Jefferies has started its coverage on Continental AG (OTCMKTS:CTTAY), today 29 November. The broker finds the stock of Continental AG (OTCMKTS:CTTAY) attractive and has given it Buy rating.

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 stock has “Overweight” rating given by Morgan Stanley on Tuesday, October 20. The firm earned “Equal Weight” rating on Friday, October 14 by Barclays Capital. The rating was upgraded by Barclays Capital on Wednesday, July 6 to “Overweight”. The stock of Continental AG (ADR) (OTCMKTS:CTTAY) has “Buy” rating given on Friday, September 18 by Goldman Sachs. The rating was initiated by Berenberg with “Sell” on Tuesday, November 22. The firm has “Hold” rating by HSBC given on Thursday, January 7. The rating was upgraded by Zacks on Saturday, August 8 to “Sell”. The stock of Continental AG (ADR) (OTCMKTS:CTTAY) has “Overweight” rating given on Friday, January 8 by JP Morgan.

About 17,419 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 $35.42 billion. The Company’s divisions include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has a 11.93 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 important 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 published article titled: “Continental AG to Present at the dbVIC – Deutsche Bank ADR Virtual Investor …”, 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) was released by: Nasdaq.com and their article: “Siemens AG-ADR (SI): New Analyst Report from Zacks Equity Research – Zacks …” with publication date: February 03, 2014.

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