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

Shares of Continental AG (OTCMKTS:CTTAY) have received an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

A number of brokerages recently weighed in on CTTAY. Berenberg Bank downgraded shares of Continental from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Zacks Research upgraded shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Sanford C. Bernstein upgraded shares of Continental from an “underperform” rating to a “market perform” rating in a research report on Monday, January 5th. Citigroup restated a “buy” rating on shares of Continental in a report on Tuesday, February 3rd. Finally, Barclays downgraded Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th.

Continental Stock Performance

Shares of CTTAY stock opened at $6.91 on Friday. Continental has a 1-year low of $6.21 and a 1-year high of $9.19. The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 43.19 and a beta of 1.27. 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 stock’s fifty day simple moving average is $7.94 and its 200-day simple moving average is $7.71.

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.