Continental AG (OTCMKTS:CTTAY) Given Average Recommendation of “Hold” by Analysts

Shares of Continental AG (OTCMKTS:CTTAY) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of equities analysts have recently commented on CTTAY shares. Citigroup reissued a “buy” rating on shares of Continental in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Finally, Kepler Capital Markets downgraded Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th.

Continental Stock Performance

Shares of OTCMKTS CTTAY opened at $8.10 on Friday. The business’s 50-day simple moving average is $8.08 and its 200-day simple moving average is $7.92. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.82 and a current ratio of 1.38. Continental has a 52 week low of $6.21 and a 52 week high of $9.00. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of -27.00, a P/E/G ratio of 1.11 and a beta of 1.39.

Continental (OTCMKTS:CTTAY) last posted its earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%.The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. As a group, equities research analysts expect that Continental will post 0.67 earnings per share for the current fiscal year.

About Continental

Continental AG is a Germany-based technology company that develops products and systems for the automotive and transportation industries. Its activities include vehicle electronics, advanced driver assistance and automated driving technologies, software, connectivity solutions, braking systems, sensors, and other components designed to support vehicle safety, efficiency, and performance.

Through its Tires business, Continental manufactures passenger-car, commercial-vehicle, specialty, and two-wheel tires, along with related services and digital tire-management solutions.