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

Shares of Continental AG (OTCMKTS:CTTAY – Get Free Report) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of analysts recently issued reports on the company. Citigroup reissued a “buy” rating on shares of Continental in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Oddo Bhf raised Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Finally, Kepler Capital Markets downgraded Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th.

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Continental Stock Performance

Shares of CTTAY opened at $8.10 on Friday. The company has a market capitalization of $16.20 billion, a PE ratio of -27.00, a PEG ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.82 and a current ratio of 1.38. The company’s 50 day moving average price is $8.08 and its 200 day moving average price is $7.92. Continental has a 52 week low of $6.21 and a 52 week high of $9.00.

Continental (OTCMKTS:CTTAY – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Continental had a negative net margin of 1.36% and a negative return on equity of 10.86%. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Research analysts expect that Continental will post 0.67 EPS for the current fiscal year.

About Continental

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Continental AG is a Germany-based technology company that develops products and systems for the automotive and transportation industries. Its activities include vehicle electronics, advanced driver assistance and automated driving technologies, software, connectivity solutions, braking systems, sensors, and other components designed to support vehicle safety, efficiency, and performance.

Through its Tires business, Continental manufactures passenger-car, commercial-vehicle, specialty, and two-wheel tires, along with related services and digital tire-management solutions.

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