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

Shares of Continental AG (OTCMKTS:CTTAY) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several equities research analysts recently weighed in on CTTAY shares. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Friday, June 12th. Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a report on Thursday, July 2nd.

Continental Price Performance

Shares of OTCMKTS CTTAY opened at $7.96 on Friday. The business has a fifty day moving average price of $8.20 and a two-hundred day moving average price of $7.95. The stock has a market capitalization of $15.92 billion, a PE ratio of -49.75, a P/E/G ratio of 0.64 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82. Continental has a fifty-two week low of $6.21 and a fifty-two week high of $9.07.

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 the consensus estimate of $0.17 by ($0.06). Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.07 billion. As a group, equities analysts predict 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.