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

Continental AG (OTCMKTS:CTTAY – Get Free Report) has received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

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

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Continental Stock Up 0.4%

CTTAY stock opened at $8.28 on Friday. The stock has a market capitalization of $16.56 billion, a P/E ratio of -51.75, a P/E/G ratio of 0.68 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82. Continental has a 1-year low of $6.21 and a 1-year high of $9.05. The business has a fifty day moving average price of $8.23 and a 200-day moving average price of $7.96.

Continental (OTCMKTS:CTTAY – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a net margin of 0.19% and a negative return on equity of 4.89%. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Equities analysts forecast that Continental will post 0.79 earnings per share for the current fiscal year.

About Continental

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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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