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

Continental AG (OTCMKTS:CTTAY) has received a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

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

Continental Stock Performance

OTCMKTS:CTTAY opened at $7.81 on Wednesday. Continental has a 12 month low of $6.21 and a 12 month high of $9.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82. The firm has a market capitalization of $15.62 billion, a PE ratio of -26.03, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The business’s fifty day moving average price is $8.18 and its 200 day moving average price is $7.96.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Continental had a negative return on equity of 10.93% and a negative net margin of 1.36%. On average, sell-side analysts anticipate that Continental will post 0.67 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.