Continental AG (NASDAQ:CTTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $48.00 target price on the stock.

According to Zacks, “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. “

Shares of Continental AG (NASDAQ:CTTAY) traded up 1.10% during mid-day trading on Thursday, hitting $43.09. 19,582 shares of the stock traded hands. Continental AG has a 1-year low of $34.14 and a 1-year high of $44.98. The company’s 50-day moving average price is $42.27 and its 200 day moving average price is $39.67. The company has a market capitalization of $43.09 billion and a PE ratio of 14.45.

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About Continental AG

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.

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