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

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

Several research firms have commented on CTTAY. Citigroup restated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Zacks Research upgraded shares of Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th.

Continental Stock Down 1.8%

CTTAY stock opened at $8.17 on Tuesday. The firm has a 50 day moving average of $8.05 and a 200 day moving average of $7.91. The stock has a market capitalization of $16.34 billion, a PE ratio of -51.06, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. Continental has a 52 week low of $6.21 and a 52 week high of $9.19.

Continental (OTCMKTS:CTTAY) last released its earnings results on Wednesday, May 6th. The company reported $0.11 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 analyst estimates of $5.07 billion. Continental had a negative return on equity of 4.89% and a net margin of 0.19%. Sell-side analysts forecast that Continental will post 0.8 earnings per share for the current year.

About Continental

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.