Shares of Continental AG (OTCMKTS:CTTAY – Get Free Report) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.
A number of analysts have issued reports on CTTAY shares. Citigroup reissued a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th.
Read Our Latest Analysis on Continental
Continental Stock Performance
Continental (OTCMKTS:CTTAY – Get Free Report) last issued its quarterly 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 business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Continental had a net margin of 0.19% and a negative return on equity of 4.93%. As a group, sell-side analysts forecast that Continental will post 0.82 earnings per share 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.
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