Kepler Capital Markets Downgrades Continental (OTCMKTS:CTTAY) to Hold

Continental (OTCMKTS:CTTAY) was downgraded by Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other brokerages have also commented on CTTAY. Citigroup restated a “buy” rating on shares of Continental in a research note on Friday, June 12th. Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Continental Stock Performance

CTTAY stock opened at $8.30 on Monday. Continental has a 1 year low of $6.21 and a 1 year high of $9.19. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of -51.88, a PEG ratio of 0.69 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. The stock’s fifty day moving average is $8.13 and its two-hundred day moving average is $7.93.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. Continental had a negative return on equity of 4.89% and a net margin of 0.19%. On average, research analysts predict that Continental will post 0.8 EPS for the current 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.