November 30, 2016 - By Peter Kolinski
In analysts report issued to clients and investors today, Jefferies & Co analysts has begun ContinentalAG (ADR) (OTC:CTTAY) coverage with Buy rating.
Out of 7 analysts covering ContinentalÂ AG (ADR) (OTC:CTTAY), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. ContinentalÂ AG (ADR) has been the topic of 9 analyst reports since September 18, 2015 according to StockzIntelligence Inc. Morgan Stanley initiated Continental AG (ADR) (OTCMKTS:CTTAY) on Tuesday, October 20 with “Overweight” rating. The firm has “Neutral” rating given on Monday, June 27 by Goldman Sachs. The stock of Continental AG (ADR) (OTCMKTS:CTTAY) has “Sell” rating given on Tuesday, November 22 by Berenberg. Jefferies initiated the stock with “Buy” rating in Tuesday, November 29 report. The firm has “Hold” rating given on Thursday, January 7 by HSBC. The stock of Continental AG (ADR) (OTCMKTS:CTTAY) has “Overweight” rating given on Friday, January 8 by JP Morgan. Barclays Capital downgraded the shares of CTTAY in a report on Friday, October 14 to “Equal Weight” rating. The company was upgraded on Friday, September 18 by Goldman Sachs. The stock of Continental AG (ADR) (OTCMKTS:CTTAY) has “Overweight” rating given on Wednesday, July 6 by Barclays Capital.
The stock increased 2.93% or $1.01 on November 29, hitting $35.68. About 44,776 shares traded hands. Continental AG (ADR) (OTC:CTTAY) has declined 17.88% since April 27, 2016 and is downtrending. It has underperformed by 23.11% 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 $35.57 billion. The Company’s divisions include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. It has a 11.98 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.”
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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