Continental AG (OTCMKTS:CTTAY) Receives Average Recommendation of “Hold” from Brokerages

Continental AG (OTCMKTS:CTTAY – Get Free Report) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

A number of analysts have recently weighed in on the company. Kepler Capital Markets lowered Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a report on Thursday, July 2nd. Finally, Citigroup restated a “buy” rating on shares of Continental in a report on Friday, June 12th.

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Continental Trading Down 1.5%

OTCMKTS CTTAY opened at $7.81 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. The firm has a market cap of $15.62 billion, a price-to-earnings ratio of -26.03, a PEG ratio of 1.09 and a beta of 1.39. The firm has a 50 day simple moving average of $8.18 and a 200-day simple moving average of $7.96. Continental has a one year low of $6.21 and a one year high of $9.05.

Continental (OTCMKTS:CTTAY – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share 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 business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Equities research analysts anticipate that Continental will post 0.67 EPS for the current fiscal year.

Continental Company Profile

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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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