Continental AG (OTCMKTS:CTTAY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Continental AG (OTCMKTS:CTTAY) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently commented on CTTAY shares. Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Zacks Research upgraded Continental from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Citigroup restated a “buy” rating on shares of Continental in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Continental from a “hold” rating to a “buy” rating in a research report on Friday, October 17th. Finally, Berenberg Bank lowered shares of Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th.

Continental Stock Performance

CTTAY stock opened at $7.91 on Friday. The firm has a market cap of $15.82 billion, a P/E ratio of 49.44 and a beta of 1.30. The stock’s 50 day simple moving average is $7.83 and its 200 day simple moving average is $7.93. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. Continental has a 12-month low of $6.21 and a 12-month high of $9.19.

Continental (OTCMKTS:CTTAY) last released its earnings results on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.17). Continental had a net margin of 0.91% and a return on equity of 1.14%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $4.93 billion. As a group, equities research analysts predict that Continental will post 0.66 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.