Deutsche Bank Downgrades Continental (OTCMKTS:CTTAY) to Hold

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Continental (OTCMKTS:CTTAY) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Tuesday, The Fly reports.

Several other equities research analysts also recently issued reports on the stock. DZ Bank restated a “neutral” rating on shares of Continental in a research note on Tuesday, July 23rd. Kepler Capital Markets restated a “neutral” rating on shares of Continental in a research note on Wednesday, June 19th. Zacks Investment Research upgraded shares of Continental from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada initiated coverage on shares of Continental in a research note on Monday, June 3rd. They issued a “sector perform” rating on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Continental from a “neutral” rating to an “underweight” rating in a research note on Sunday, June 16th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company currently has a consensus rating of “Hold”.

Shares of Continental stock opened at $12.01 on Tuesday. The company’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $14.95. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 7.02, a PEG ratio of -23.47 and a beta of 1.26. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 0.12. Continental has a 1 year low of $11.50 and a 1 year high of $18.85.

About Continental

Continental Aktiengesellschaft develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis & Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.

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The Fly

Analyst Recommendations for Continental (OTCMKTS:CTTAY)

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