Continental (OTCMKTS:CTTAY) Stock Rating Upgraded by Zacks Research

Continental (OTCMKTS:CTTAY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a report on Monday, January 5th. Barclays cut Continental from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Citigroup reiterated a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Jefferies Financial Group upgraded shares of Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Berenberg Bank cut shares of Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Continental currently has a consensus rating of “Hold”.

Continental Stock Performance

Shares of Continental stock opened at $7.40 on Monday. The company’s 50 day moving average price is $8.18 and its two-hundred day moving average price is $7.84. The firm has a market capitalization of $14.80 billion, a P/E ratio of 46.25 and a beta of 1.27. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.32 and a quick ratio of 0.90. Continental has a fifty-two week low of $6.21 and a fifty-two week high of $9.19.

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.