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

Continental AG (OTCMKTS:CTTAY) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Continental in a report on Tuesday, February 3rd. Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Berenberg Bank downgraded Continental from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th.

Continental Price Performance

Shares of OTCMKTS CTTAY opened at $8.35 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.28 and a quick ratio of 0.87. The stock has a fifty day moving average price of $7.48 and a 200 day moving average price of $7.73. Continental has a 1-year low of $6.21 and a 1-year high of $9.19. The company has a market cap of $16.69 billion, a PE ratio of -52.16, a P/E/G ratio of 0.62 and a beta of 1.36.

Continental (OTCMKTS:CTTAY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a negative return on equity of 4.93% and a net margin of 0.19%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.07 billion. Sell-side analysts forecast that Continental will post 0.81 EPS for the current year.

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.