Kepler Capital Markets Downgrades Continental (OTCMKTS:CTTAY) to Hold

Continental (OTCMKTS:CTTAY) was downgraded by equities researchers at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

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

Continental Price Performance

Shares of OTCMKTS CTTAY opened at $8.30 on Monday. The firm has a market capitalization of $16.60 billion, a P/E ratio of -51.88, a P/E/G ratio of 0.69 and a beta of 1.38. The firm’s 50-day moving average price is $8.13 and its 200-day moving average price is $7.93. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. Continental has a 1-year low of $6.21 and a 1-year high of $9.19.

Continental (OTCMKTS:CTTAY) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.07 billion. Continental had a net margin of 0.19% and a negative return on equity of 4.89%. Equities research analysts anticipate that Continental will post 0.8 earnings per share for the current fiscal 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.