Continental AG (OTCMKTS:CTTAY) Receives Average Recommendation of “Hold” from Brokerages

Continental AG (OTCMKTS:CTTAY) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of analysts recently commented on CTTAY shares. Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a research report on Monday, January 5th. Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Berenberg Bank cut Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd.

Continental Price Performance

Shares of CTTAY opened at $7.89 on Thursday. The company’s fifty day simple moving average is $7.73 and its 200 day simple moving average is $7.64. Continental has a 1-year low of $6.21 and a 1-year high of $9.19. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 3.93 and a beta of 1.37. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 1.14.

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.