Continental (OTCMKTS:CTTAY) Cut to “Hold” at Berenberg Bank

Berenberg Bank lowered shares of Continental (OTCMKTS:CTTAY) from a buy rating to a hold rating in a report published on Tuesday morning, Marketbeat Ratings reports.

CTTAY has been the topic of a number of other reports. Jefferies Financial Group upgraded Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Citigroup reiterated a “buy” rating on shares of Continental in a research note on Thursday, November 13th. Sanford C. Bernstein upgraded shares of Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Zacks Research upgraded shares of Continental from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Finally, Barclays cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Continental Trading Down 1.3%

Shares of Continental stock opened at $7.85 on Tuesday. Continental has a 1 year low of $6.21 and a 1 year high of $9.19. The company’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $8.01. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 49.09, a PEG ratio of 0.75 and a beta of 1.30. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25.

Continental (OTCMKTS:CTTAY) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17). The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $4.93 billion. Continental had a net margin of 0.91% and a return on equity of 1.14%. As a group, sell-side analysts expect that Continental will post 0.66 EPS 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.