Continental AG (OTCMKTS:CTTAY) Given Average Rating of “Hold” by Analysts

Shares of Continental AG (OTCMKTS:CTTAY) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company.

Several equities analysts have recently commented on CTTAY shares. Zacks Research downgraded shares of Continental from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Continental from a “hold” rating to a “buy” rating in a research note on Friday, October 17th. Jefferies Financial Group upgraded Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Barclays downgraded Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Berenberg Bank cut Continental from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th.

Continental Price Performance

OTCMKTS:CTTAY opened at $8.42 on Friday. The business’s 50-day simple moving average is $7.91 and its two-hundred day simple moving average is $7.91. Continental has a 52 week low of $6.21 and a 52 week high of $9.19. The stock has a market cap of $16.84 billion, a PE ratio of 52.63 and a beta of 1.29. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.25.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17). The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $4.93 billion. Continental had a return on equity of 1.14% and a net margin of 0.91%. As a group, analysts forecast that Continental will post 0.66 EPS for the current fiscal year.

About Continental

Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.

Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.