Michelin (OTCMKTS:MGDDY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Michelin (OTCMKTS:MGDDY) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

A number of research analysts have recently weighed in on MGDDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research report on Tuesday, July 28th. Citigroup restated a “buy” rating on shares of Michelin in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th.

Michelin Stock Performance

Shares of OTCMKTS:MGDDY opened at $18.58 on Monday. Michelin has a 1 year low of $14.82 and a 1 year high of $20.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.65. The business has a fifty day moving average price of $19.67 and a two-hundred day moving average price of $18.90.

About Michelin

Michelin is a France-based manufacturer best known for designing, producing and distributing tires. The company serves passenger vehicles, motorcycles, trucks, buses, aircraft, agricultural equipment, mining vehicles and other industrial applications. It also develops related products and services, including connected tire technologies, fleet solutions and mobility services.

Founded in 1889 by brothers Édouard and André Michelin, the company is headquartered in Clermont-Ferrand, France.