Continental AG (OTCMKTS:CTTAY) Given Consensus Recommendation of “Hold” by Brokerages

Continental AG (OTCMKTS:CTTAY) has been given an average rating of “Hold” by the nine analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

CTTAY has been the topic of several research reports. Kepler Capital Markets downgraded shares of Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Oddo Bhf upgraded shares of Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Finally, Citigroup restated a “buy” rating on shares of Continental in a research report on Friday, June 12th.

Continental Price Performance

CTTAY opened at $7.81 on Friday. The business’s 50-day moving average is $8.05 and its two-hundred day moving average is $7.89. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.06. Continental has a 1 year low of $6.21 and a 1 year high of $8.99. The firm has a market capitalization of $15.62 billion, a PE ratio of -26.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39.

Continental (OTCMKTS:CTTAY) last announced its 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 net margin of 1.36% and a negative return on equity of 10.86%. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Research analysts anticipate that Continental will post 0.67 earnings per share for the current fiscal year.

Continental Company Profile

Continental AG is a Germany-based technology company that develops products and systems for the automotive and transportation industries. Its activities include vehicle electronics, advanced driver assistance and automated driving technologies, software, connectivity solutions, braking systems, sensors, and other components designed to support vehicle safety, efficiency, and performance.

Through its Tires business, Continental manufactures passenger-car, commercial-vehicle, specialty, and two-wheel tires, along with related services and digital tire-management solutions.