Jefferies Reaffirms Their Hold Rating on Continental Aktiengesellschaft (CTTAF)

In a report released today, Michael Aspinall from Jefferies maintained a Hold rating on Continental Aktiengesellschaft, with a price target of €60.00. The company’s shares closed yesterday at $70.27.

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According to TipRanks, Aspinall is a 3-star analyst with an average return of 7.2% and a 63.46% success rate. Aspinall covers the Industrials sector, focusing on stocks such as Daimler Truck Holding AG, Volvo AB, and DHL Group.

In addition to Jefferies, Continental Aktiengesellschaft also received a Hold from Morgan Stanley’s Javier Martinez Olcoz Cerdan in a report issued on September 29. However, yesterday, J.P. Morgan maintained a Buy rating on Continental Aktiengesellschaft (Other OTC: CTTAF).

Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.86 billion and a net profit of $506 million. In comparison, last year the company earned a revenue of $10 billion and had a net profit of $305 million