Continental (OTCMKTS:CTTAY) Upgraded at Zacks Research

Zacks Research upgraded shares of Continental (OTCMKTS:CTTAY) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

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

Continental Stock Performance

Shares of OTCMKTS CTTAY opened at $7.46 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a 50 day moving average price of $8.17 and a 200 day moving average price of $7.84. The stock has a market capitalization of $14.92 billion, a PE ratio of 46.63 and a beta of 1.27. Continental has a 52 week low of $6.21 and a 52 week high of $9.19.

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.