Continental AG (OTCMKTS:CTTAY) Given Consensus Rating of “Hold” by Brokerages

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

Several research analysts have recently issued reports on CTTAY shares. Zacks Research cut shares of Continental from a “strong-buy” rating to a “strong sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised shares of Continental from a “hold” rating to a “buy” rating in a report on Friday, October 17th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research note on Tuesday. Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Barclays lowered Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th.

Continental Stock Up 6.7%

CTTAY stock opened at $8.54 on Friday. The stock has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $7.91. The firm has a market capitalization of $17.08 billion, a PE ratio of 53.38 and a beta of 1.29. Continental has a twelve month low of $6.21 and a twelve month high of $9.19. 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 posted its earnings results on Thursday, November 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.17). The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Continental had a return on equity of 1.14% and a net margin of 0.91%. On average, equities analysts predict that Continental will post 0.66 EPS for the current fiscal year.

Continental Company Profile

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.