Continental AG (OTCMKTS:CTTAY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Continental AG (OTCMKTS:CTTAY) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Continental from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Barclays lowered Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Citigroup restated a “buy” rating on shares of Continental in a research note on Thursday, November 13th. Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Continental from a “hold” rating to a “buy” rating in a research report on Friday, October 17th.

Continental Stock Down 0.2%

Shares of OTCMKTS:CTTAY opened at $8.11 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 50.69, a PEG ratio of 0.77 and a beta of 1.30. The stock’s 50-day moving average price is $7.70 and its two-hundred day moving average price is $8.02. Continental has a 12-month low of $6.21 and a 12-month high of $9.19.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.17). Continental had a return on equity of 1.14% and a net margin of 0.91%.The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $4.93 billion. On average, research analysts forecast that Continental will post 0.66 EPS for the current 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.