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

Continental AG (OTCMKTS:CTTAY) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of analysts recently issued reports on CTTAY shares. Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Citigroup restated a “buy” rating on shares of Continental in a research note on Tuesday, February 3rd. Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a research report on Monday, January 5th. Barclays downgraded Continental from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Berenberg Bank cut shares of Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th.

Continental Stock Performance

Shares of CTTAY opened at $6.63 on Friday. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 41.44 and a beta of 1.27. Continental has a 12 month low of $6.21 and a 12 month high of $9.19. The firm has a fifty day simple moving average of $8.02 and a 200 day simple moving average of $7.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25.

About Continental

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.