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

Shares of Continental AG (OTCMKTS:CTTAY) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

CTTAY has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Continental in a research note on Friday, June 12th. Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th.

Continental Price Performance

CTTAY stock opened at $8.17 on Tuesday. Continental has a 52 week low of $6.21 and a 52 week high of $9.19. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $8.05 and a two-hundred day simple moving average of $7.91. The firm has a market capitalization of $16.34 billion, a P/E ratio of -51.06, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a net margin of 0.19% and a negative return on equity of 4.89%. The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.07 billion. Analysts anticipate that Continental will post 0.8 earnings per share 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.