Continental AG (OTCMKTS:CTTAY) Receives Average Rating of “Hold” from Analysts

Continental AG (OTCMKTS:CTTAY) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Separately, Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th.

Continental Stock Down 1.7%

OTCMKTS CTTAY opened at $8.08 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.28 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $7.71 and a two-hundred day moving average of $7.81. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of -50.50, a PEG ratio of 0.66 and a beta of 1.38. Continental has a 52 week low of $6.21 and a 52 week high of $9.19.

Continental (OTCMKTS:CTTAY) last posted 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). The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Continental had a negative return on equity of 4.93% and a net margin of 0.19%. On average, analysts predict that Continental will post 0.81 earnings per share for the current 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.