Continental (OTCMKTS:CTTAY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Continental (OTCMKTS:CTTAY) from a strong-buy rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Berenberg Bank cut shares of Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Continental from a “hold” rating to a “buy” rating in a report on Friday, October 17th. Barclays lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Sanford C. Bernstein upgraded Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Continental in a report on Tuesday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Continental Price Performance

OTCMKTS:CTTAY opened at $8.54 on Monday. The firm’s fifty day moving average is $7.87 and its two-hundred day moving average is $7.91. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 53.38 and a beta of 1.29. Continental has a one year low of $6.21 and a one year high of $9.19. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 1.32.

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

Continental Company Profile

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.