Trade Report: The Continental AG (CTTAY) Cut to Equal Weight at Barclays PLC

The Continental AG (CTTAY) Cut to Equal Weight at Barclays PLC

Continental AG (NASDAQ:CTTAY) was downgraded by research analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research note issued on Friday, The Fly reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Continental AG from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Monday, September 26th. Goldman Sachs Group Inc. downgraded shares of Continental AG from a “buy” rating to a “neutral” rating in a research note on Monday, June 27th.

Continental AG (NASDAQ:CTTAY) opened at 38.99 on Friday. Continental AG has a 1-year low of $36.29 and a 1-year high of $49.75. The firm’s 50-day moving average is $42.03 and its 200 day moving average is $41.96. The firm has a market cap of $38.99 billion and a PE ratio of 12.00.

About Continental AG

Continental AG (Continental) is a global automotive supplier, tire manufacturer and industrial partner to other industries. Continental operates through six segments: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.

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