Continental AG (OTCMKTS:CTTAY) Given Consensus Rating of “Hold” by Brokerages

Shares of Continental AG (OTCMKTS:CTTAY) have received an average recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

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

Continental Stock Performance

OTCMKTS CTTAY opened at $7.96 on Friday. The stock has a market cap of $15.92 billion, a PE ratio of -49.75, a P/E/G ratio of 0.64 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. The firm has a 50-day moving average of $8.20 and a 200-day moving average of $7.95. Continental has a 52-week low of $6.21 and a 52-week high of $9.07.

Continental (OTCMKTS:CTTAY) last announced its quarterly 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). Continental had a net margin of 0.19% and a negative return on equity of 4.89%. The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. On average, sell-side analysts anticipate that Continental will post 0.8 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.