ContinentalAG (ADR) (OTC:CTTAY) has been downgraded from Overweight to Equal Weight in a report by Barclays Capital today.
- Updated: October 14, 2016
Boasting a price of $38.62, ContinentalAG (ADR) (OTC:CTTAY) traded -0.85% lower on the day. With the last stock price close down -7.86% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ContinentalAG (ADR) has recorded a 50-day average of $42.03 and a two hundred day average of $41.96. Volume of trade was down over the average, with 1,113 shares of CTTAY changing hands under the typical 18,360
Barclays Capital has downgraded ContinentalAG (ADR) (OTC:CTTAY) from Overweight to Equal Weight in a statement released on 10/14/2016.
With a total market value of $0, ContinentalAG (ADR) has P/E ratio of 11.89 with a 52 week low of $36.29 and a 52 week high of $49.75 .
In addition to Barclays Capital reporting its target price, a total of 1 firm has issued a report on the stock. The consensus target price is $51.72 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On ContinentalAG (ADR) (OTC:CTTAY)
Continental AG is an automotive supplier. The Company's segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance 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, manufactures and markets products for machine and plant engineering, mining, the automotive industry and other important industries.
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