Continental (OTCMKTS:CTTAY) Downgraded by Barclays

Barclays cut shares of Continental (OTCMKTS:CTTAY) from an equal weight rating to an underweight rating in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other brokerages have also weighed in on CTTAY. Zacks Investment Research upgraded shares of Continental from a sell rating to a hold rating in a research note on Monday, August 19th. DZ Bank reiterated a neutral rating on shares of Continental in a research note on Monday, September 9th. Bank of America lowered shares of Continental from a buy rating to a neutral rating in a research note on Friday, August 23rd. ValuEngine upgraded shares of Continental from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered shares of Continental from a neutral rating to an underweight rating in a research note on Sunday, June 16th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Continental presently has a consensus rating of Hold.

Shares of CTTAY opened at $12.58 on Tuesday. The firm has a market cap of $24.27 billion, a PE ratio of 7.36, a P/E/G ratio of -31.83 and a beta of 1.29. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $12.72 and a two-hundred day simple moving average of $14.17. Continental has a 1-year low of $11.50 and a 1-year high of $17.84.

Continental (OTCMKTS:CTTAY) last announced its earnings results on Tuesday, July 30th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $12.66 billion during the quarter. Continental had a net margin of 5.43% and a return on equity of 13.03%. As a group, research analysts forecast that Continental will post 0.97 EPS for the current fiscal year.

Continental Company Profile

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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The Fly

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