Continental AG (OTCMKTS:CTTAY) Given Consensus Rating of “Hold” by Brokerages

Continental AG (OTCMKTS:CTTAY) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of equities research analysts have weighed in on the stock. Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Citigroup reiterated a “buy” rating on shares of Continental in a report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research report on Thursday, July 2nd.

Continental Stock Performance

Shares of Continental stock opened at $8.02 on Friday. Continental has a 12 month low of $6.21 and a 12 month high of $9.05. The firm has a market capitalization of $16.04 billion, a P/E ratio of -50.12, a P/E/G ratio of 0.65 and a beta of 1.38. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $8.20 and a two-hundred day simple moving average of $7.95.

Continental (OTCMKTS:CTTAY) last released its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. On average, equities analysts forecast that Continental will post 0.8 earnings per share for the current fiscal 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.