Continental (OTCMKTS:CTTAY) Downgraded by Kepler Capital Markets to Hold

Kepler Capital Markets cut shares of Continental (OTCMKTS:CTTAY) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Continental has a consensus rating of “Hold”.

Continental Trading Down 1.8%

OTCMKTS CTTAY opened at $8.30 on Monday. Continental has a 12 month low of $6.21 and a 12 month high of $9.19. The stock has a market capitalization of $16.60 billion, a P/E ratio of -51.88, a PEG ratio of 0.69 and a beta of 1.38. The firm’s 50-day moving average is $8.13 and its two-hundred day moving average is $7.93. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82.

Continental (OTCMKTS:CTTAY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Continental had a negative return on equity of 4.89% and a net margin of 0.19%. On average, sell-side analysts anticipate that Continental will post 0.8 earnings per share for the current 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.