Michelin (OTCMKTS:MGDDY) Given Average Recommendation of “Hold” by Analysts

Michelin (OTCMKTS:MGDDY) has been assigned an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts have commented on the stock. Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Barclays raised shares of Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Michelin in a research report on Friday, July 3rd.

Michelin Stock Performance

Shares of MGDDY stock opened at $20.06 on Wednesday. The stock has a fifty day moving average of $18.89 and a 200 day moving average of $18.42. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The company has a quick ratio of 1.22, a current ratio of 1.90 and a debt-to-equity ratio of 0.04.

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.