Michelin (MGDDY) to Release Earnings on Monday

Michelin (OTCMKTS:MGDDY) is projected to post its resultson Monday, July 27th. Analysts expect Michelin to post earnings of $0.7480 per share and revenue of $15.0989 billion for the quarter.

Michelin Price Performance

OTCMKTS MGDDY opened at $19.48 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The firm’s 50-day simple moving average is $19.02 and its two-hundred day simple moving average is $18.52.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MGDDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research report on Friday, July 3rd. Zacks Research raised shares of Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.