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Goldman Sachs Maintains a Sell Rating on Continental Aktiengesellschaft (CTTAF)

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Goldman Sachs analyst Philipp Konig maintained a Sell rating on Continental Aktiengesellschaft (CTTAFResearch Report) today and set a price target of EUR66.00. The company’s shares closed last Monday at $61.85, close to its 52-week low of $61.72.

Konig has an average return of 19.2% when recommending Continental Aktiengesellschaft.

According to TipRanks.com, Konig is ranked #5598 out of 7861 analysts.

Continental Aktiengesellschaft has an analyst consensus of Hold, with a price target consensus of $94.99.

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Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.8 billion and net profit of $153 million. In comparison, last year the company earned revenue of $9.12 billion and had a net profit of $206 million.

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Continental AG is a holding company, which engages in the manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Other or Consolidation. The Chassis and Safety segment develops, produces, and markets intelligent systems to improve driving safety and vehicle dynamics. The Powertrains segment integrates system solutions for the powertrains. The Interior segment provides information management for vehicles; and develops and produces communication, and network solutions. The Tires segment offers reduction of fuel consumption by minimizing rolling resistance. The ContiTech segment covers the development, manufacture, and market of products for the machine and plant engineering, mining, and automotive industry. The Other or Consolidation segment represents the centrally managed subsidiaries and affiliates including holding, financing, and insurance companies. The company was founded on October 8, 1871 and is headquartered in Hanover, Germany.

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