Continental (OTCMKTS:CTTAY) Stock Rating Upgraded by Zacks Research

Continental (OTCMKTS:CTTAY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages also recently commented on CTTAY. Sanford C. Bernstein raised shares of Continental from an “underperform” rating to a “market perform” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Continental from a “hold” rating to a “buy” rating in a report on Friday, October 17th. Jefferies Financial Group upgraded shares of Continental from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Citigroup reissued a “buy” rating on shares of Continental in a report on Thursday, November 13th. Finally, Barclays downgraded Continental from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Continental Stock Up 0.3%

OTCMKTS:CTTAY opened at $7.99 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.32 and a quick ratio of 0.90. The firm’s 50-day moving average price is $7.67 and its 200-day moving average price is $8.03. The company has a market capitalization of $15.93 billion, a PE ratio of 49.94, a P/E/G ratio of 0.76 and a beta of 1.30. Continental has a 1-year low of $6.21 and a 1-year high of $9.19.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings data 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 business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Continental had a return on equity of 1.14% and a net margin of 0.91%. On average, equities analysts predict that Continental will post 0.66 EPS 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.