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

Continental (OTCMKTS:CTTAY) was downgraded by Berenberg Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also recently weighed in on CTTAY. Sanford C. Bernstein upgraded shares of Continental from an “underperform” rating to a “market perform” rating in a report on Monday, January 5th. Zacks Research upgraded shares of Continental from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upgraded Continental from a “hold” rating to a “buy” rating in a report on Friday, October 17th. Finally, Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Continental Trading Down 4.3%

Shares of OTCMKTS:CTTAY traded down $0.35 during mid-day trading on Tuesday, reaching $7.85. 10,254 shares of the company were exchanged, compared to its average volume of 14,738. Continental has a 1 year low of $6.21 and a 1 year high of $9.19. 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 simple moving average is $7.71 and its 200 day simple moving average is $8.02. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 49.06, a P/E/G ratio of 0.77 and a beta of 1.30.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17). The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $4.93 billion. Continental had a return on equity of 1.14% and a net margin of 0.91%. Equities research analysts forecast that Continental will post 0.66 EPS for the current 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.