Continental (OTCMKTS:CTTAY) Downgraded to Hold Rating by Kepler Capital Markets

Continental (OTCMKTS:CTTAY) was downgraded by investment analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other brokerages also recently commented on CTTAY. Citigroup reiterated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Finally, Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Continental currently has a consensus rating of “Hold”.

Continental Price Performance

Shares of OTCMKTS CTTAY opened at $8.30 on Monday. Continental has a twelve month low of $6.21 and a twelve month high of $9.19. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $8.13 and a two-hundred day moving average of $7.93. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of -51.88, a PEG ratio of 0.69 and a beta of 1.38.

Continental (OTCMKTS:CTTAY) last released its earnings results on Wednesday, May 6th. The company reported $0.11 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 the consensus estimate of $5.07 billion. As a group, analysts expect that Continental will post 0.8 earnings per share for the current fiscal year.

About Continental

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.