Michelin (OTCMKTS:MGDDY) Stock Rating Upgraded by Zacks Research

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

Separately, Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Michelin Trading Up 0.6%

Michelin stock opened at $19.26 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.22. The business’s fifty day moving average is $18.59 and its two-hundred day moving average is $18.12. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48.

About Michelin

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.