Continental AG (OTCMKTS:CTTAY) Given Average Recommendation of “Moderate Buy” by Analysts

Continental AG (OTCMKTS:CTTAY) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts recently weighed in on CTTAY shares. Berenberg Bank downgraded shares of Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Zacks Research raised Continental from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Deutsche Bank Aktiengesellschaft raised Continental from a “hold” rating to a “buy” rating in a report on Friday, October 17th. Citigroup reiterated a “buy” rating on shares of Continental in a report on Thursday, November 13th. Finally, Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a research report on Monday, January 5th.

Continental Price Performance

CTTAY opened at $8.05 on Friday. Continental has a 1 year low of $6.21 and a 1 year high of $9.19. The stock has a 50-day moving average price of $7.84 and a 200-day moving average price of $7.91. The firm has a market cap of $16.10 billion, a PE ratio of 50.31 and a beta of 1.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.32 and a quick ratio of 0.90.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17). The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $4.93 billion. Continental had a net margin of 0.91% and a return on equity of 1.14%. Sell-side analysts predict that Continental will post 0.66 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.