Continental (OTCMKTS:CTTAY) Upgraded at Zacks Investment Research

Continental (OTCMKTS:CTTAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, reports.

According to Zacks, “Continental AG manufactures tires, automotive parts and industrial products. The Company’s operating segment consists of Chassis and Safety segment, which develops and produces systems for the automotive industry; Powertrain segment, which integrates system solutions for the powertrain and vehicles of all categories; Interior segment, which offers solutions for information management in order to network drivers and passengers with their own and other vehicles, Tires segment, which offers tires for passenger cars, trucks, buses, construction side vehicles, industrial vehicles, bicycles and motorcycles and ContiTech segment, which develops products made from rubber and plastic. Continental AG is headquartered in Hanover, Germany. “

Other analysts have also issued reports about the stock. Bank of America lowered shares of Continental from a “buy” rating to a “neutral” rating in a research report on Friday, August 23rd. ValuEngine raised shares of Continental from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Barclays lowered shares of Continental from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, October 8th. Goldman Sachs Group lowered shares of Continental from a “buy” rating to a “neutral” rating in a research report on Monday, August 19th. Finally, Deutsche Bank lowered shares of Continental from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Continental presently has an average rating of “Hold”.

Shares of OTCMKTS CTTAY traded down $0.12 during mid-day trading on Tuesday, reaching $12.81. The company had a trading volume of 546,173 shares, compared to its average volume of 191,381. The stock has a fifty day moving average of $13.57 and a two-hundred day moving average of $13.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.74 and a current ratio of 1.03. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 10.03 and a beta of 1.26. Continental has a 12-month low of $11.50 and a 12-month high of $17.84.

Continental (OTCMKTS:CTTAY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($1.10) earnings per share (EPS) for the quarter. The company had revenue of $12.35 billion during the quarter. Continental had a negative return on equity of 0.77% and a negative net margin of 0.38%. Sell-side analysts forecast that Continental will post 0.58 earnings per share for the current fiscal year.

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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