Continental (OTCMKTS:CTTAY) Shares Gap Up - Here's What Happened

Key Points

• Shares of Continental AG (OTCMKTS:CTTAY) rose from $6.62 to $6.78 before trading at $7.06, indicating positive market sentiment.
• Analyst ratings have recently improved, with Deutsche Bank upgrading the stock from "hold" to "buy" and the overall consensus now being a "Moderate Buy."
• Continental reported earnings of $0.28 per share, surpassing estimates, and generated revenues of $11.09 billion, slightly below analyst predictions.

Shares of Continental AG (OTCMKTS:CTTAY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $6.62, but opened at $6.78. Continental shares last traded at $7.06, with a volume of 13,935 shares.

Analysts Set New Price Targets

CTTAY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Continental from a "hold" rating to a "buy" rating in a research report on Friday. Oddo Bhf raised Continental to a "neutral" rating in a research report on Monday, September 1st. Finally, Barclays reissued an "overweight" rating on shares of Continental in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Continental currently has a consensus rating of "Moderate Buy".

Continental Price Performance

The business has a 50-day simple moving average of $7.97 and a two-hundred day simple moving average of $8.16. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.70 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.14.

Continental (OTCMKTS:CTTAY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Continental had a return on equity of 13.20% and a net margin of 4.54%.The company had revenue of $11.09 billion during the quarter, compared to analyst estimates of $11.10 billion. As a group, research analysts predict that Continental AG will post 0.66 earnings per share for the current fiscal year.

Continental Company Profile

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.

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