Shares of Continental AG (OTCMKTS:CTTAY – Get Free Report) saw strong trading volume on Thursday . 596,897 shares were traded during mid-day trading, an increase of 757% from the previous session’s volume of 69,638 shares.The stock last traded at $8.49 and had previously closed at $8.35.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CTTAY shares. Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Continental in a research report on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Read Our Latest Research Report on CTTAY
Continental Stock Performance
Continental (OTCMKTS:CTTAY – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Continental had a negative return on equity of 4.89% and a net margin of 0.19%.The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. On average, sell-side analysts expect that Continental AG will post 0.8 earnings per share for the current fiscal year.
Continental Company Profile
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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