Continental (OTCMKTS:CTTAY) Upgraded by Zacks Research to Hold Rating

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

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research note on Tuesday, February 3rd. Sanford C. Bernstein upgraded Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Barclays cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Berenberg Bank cut shares of Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Continental Stock Up 3.2%

CTTAY stock opened at $7.40 on Monday. Continental has a 52 week low of $6.21 and a 52 week high of $9.19. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The company has a market cap of $14.80 billion, a P/E ratio of 46.25 and a beta of 1.27. The company’s 50-day moving average price is $8.18 and its 200 day moving average price is $7.84.

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.