Continental AG (OTCMKTS:CTTAY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Continental AG (OTCMKTS:CTTAY) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

CTTAY has been the subject of a number of recent research reports. Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Citigroup reiterated a “buy” rating on shares of Continental in a report on Tuesday, February 3rd.

Continental Trading Down 2.1%

OTCMKTS:CTTAY opened at $7.95 on Monday. The firm has a market cap of $15.90 billion, a PE ratio of -49.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.36. The stock has a fifty day moving average price of $7.45 and a 200 day moving average price of $7.76. Continental has a 12-month low of $6.21 and a 12-month high of $9.19. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 1.14.

Continental (OTCMKTS:CTTAY) last released its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Continental had a net margin of 0.19% and a negative return on equity of 4.93%. Sell-side analysts anticipate that Continental will post 0.82 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.