Continental (OTCMKTS:CTTAY) Cut to Strong Sell at Zacks Research

Continental (OTCMKTS:CTTAY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on CTTAY. Barclays lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Berenberg Bank lowered shares of Continental from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Citigroup reissued a “buy” rating on shares of Continental in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Continental Price Performance

CTTAY opened at $8.00 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $7.85 and its 200 day moving average price is $7.90. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 50.00 and a beta of 1.29. Continental has a fifty-two week low of $6.21 and a fifty-two week high of $9.19.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17). The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $4.93 billion. Continental had a net margin of 0.91% and a return on equity of 1.14%. As a group, sell-side analysts expect that Continental will post 0.66 earnings per share for the current 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.