Zacks Research Downgrades Continental (OTCMKTS:CTTAY) to Strong Sell

Continental (OTCMKTS:CTTAY) was downgraded by Zacks Research from a “strong-buy” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also commented on the company. Sanford C. Bernstein upgraded Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Jefferies Financial Group raised shares of Continental from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Citigroup reiterated a “buy” rating on shares of Continental in a report on Tuesday. Barclays lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Continental from a “hold” rating to a “buy” rating in a report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Continental Trading Up 6.2%

Shares of OTCMKTS:CTTAY traded up $0.50 during trading on Monday, hitting $8.50. The company had a trading volume of 9,106 shares, compared to its average volume of 19,212. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 53.09 and a beta of 1.29. 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 company has a fifty day simple moving average of $7.85 and a two-hundred day simple moving average of $7.90. Continental has a one year low of $6.21 and a one year high of $9.19.

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