The Barclays PLC Downgrades Continental AG (CTTAY) to Equal Weight

The Barclays PLC Downgrades Continental AG (CTTAY) to Equal Weight

Continental AG (OTCMKTS:CTTAY) was downgraded by equities research analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a report released on Friday, StockTargetPrices.com reports.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Continental AG in a research report on Monday, September 12th. DZ Bank AG reiterated a “buy” rating on shares of Continental AG in a research report on Thursday, August 4th. Goldman Sachs Group Inc. lowered shares of Continental AG from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Continental AG in a research report on Thursday, June 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $50.00.

Continental AG (OTCMKTS:CTTAY) opened at 37.395 on Friday. Continental AG has a 52-week low of $36.29 and a 52-week high of $49.75. The firm has a market capitalization of $37.40 billion, a PE ratio of 11.505 and a beta of 1.91. The company’s 50-day moving average is $41.79 and its 200-day moving average is $41.82.

Continental AG Company Profile

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