Continental AG (OTCMKTS:CTTAY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Continental AG (OTCMKTS:CTTAY) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several brokerages have recently issued reports on CTTAY. Citigroup reiterated a “buy” rating on shares of Continental in a research note on Thursday, November 13th. Jefferies Financial Group upgraded Continental from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft upgraded Continental from a “hold” rating to a “buy” rating in a research note on Friday, October 17th. Barclays downgraded Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Oddo Bhf raised shares of Continental to a “neutral” rating in a report on Monday, September 1st.

Continental Trading Up 1.6%

OTCMKTS CTTAY opened at $7.86 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 49.13, a PEG ratio of 1.58 and a beta of 1.32. The firm has a 50 day simple moving average of $7.43 and a 200-day simple moving average of $8.11. Continental has a one year low of $6.21 and a one year high of $9.19.

Continental (OTCMKTS:CTTAY) last announced its earnings results on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.17). Continental had a return on equity of 1.14% and a net margin of 0.91%.The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $4.93 billion. Equities research analysts anticipate that Continental will post 0.66 EPS for the current fiscal year.

About Continental

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.