Continental (OTCMKTS:CTTAY – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02), Zacks reports. Continental had a negative return on equity of 4.89% and a net margin of 0.19%.
Continental Trading Up 0.2%
OTCMKTS:CTTAY opened at $8.30 on Tuesday. Continental has a 12 month low of $6.21 and a 12 month high of $9.05. The business’s 50-day moving average is $8.24 and its two-hundred day moving average is $7.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82. The firm has a market capitalization of $16.60 billion, a PE ratio of -51.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.39.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Kepler Capital Markets downgraded shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
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.
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