Continental (OTCMKTS:CTTAY) Rating Increased to Strong-Buy at Zacks Research

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

A number of other equities analysts also recently commented on the stock. Sanford C. Bernstein raised shares of Continental from an “underperform” rating to a “market perform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised Continental from a “hold” rating to a “buy” rating in a research report on Friday, October 17th. Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Barclays lowered Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Citigroup reissued a “buy” rating on shares of Continental in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Continental has a consensus rating of “Moderate Buy”.

Continental Stock Performance

Shares of OTCMKTS:CTTAY opened at $7.99 on Monday. The firm has a market capitalization of $15.93 billion, a PE ratio of 49.94, a P/E/G ratio of 0.76 and a beta of 1.30. Continental has a 12 month low of $6.21 and a 12 month high of $9.19. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.32 and a quick ratio of 0.90. The business has a 50-day moving average of $7.67 and a two-hundred day moving average of $8.03.

Continental (OTCMKTS:CTTAY) last issued its earnings results on Thursday, November 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17). Continental had a return on equity of 1.14% and a net margin of 0.91%.The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $4.93 billion. As a group, research analysts forecast 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.