Continental AG (OTCMKTS:CTTAY) Given Consensus Rating of “Hold” by Analysts

Continental AG (OTCMKTS:CTTAY) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several brokerages have weighed in on CTTAY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Citigroup restated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Finally, Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th.

Continental Stock Up 0.6%

OTCMKTS:CTTAY opened at $8.09 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $8.14 and a 200-day moving average of $7.96. The firm has a market capitalization of $16.18 billion, a PE ratio of -26.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. Continental has a 52 week low of $6.21 and a 52 week high of $9.05.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Continental had a negative return on equity of 10.93% and a negative net margin of 1.36%.The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. Analysts predict that Continental will post 0.67 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.