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

Continental AG (OTCMKTS:CTTAY) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a research report on Thursday. Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Citigroup reissued a “buy” rating on shares of Continental in a research note on Friday, June 12th.

Continental Trading Down 2.0%

Continental stock traded down $0.17 during trading hours on Tuesday, hitting $8.28. The stock had a trading volume of 26,956 shares, compared to its average volume of 74,571. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of -51.75, a P/E/G ratio of 0.69 and a beta of 1.38. Continental has a one year low of $6.21 and a one year high of $9.19. The business’s 50 day simple moving average is $8.12 and its 200-day simple moving average is $7.93.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.07 billion. On average, equities analysts predict that Continental will post 0.8 EPS for the current fiscal 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.