Michelin (OTCMKTS:MGDDY) Receives Average Rating of “Hold” from Brokerages

Shares of Michelin (OTCMKTS:MGDDY) have been assigned an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have commented on the company. Zacks Research raised Michelin from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Citigroup reiterated a “buy” rating on shares of Michelin in a report on Friday, October 10th. Oddo Bhf downgraded shares of Michelin to a “neutral” rating in a research report on Tuesday, October 14th. Morgan Stanley restated an “equal weight” rating on shares of Michelin in a research note on Tuesday, December 2nd. Finally, UBS Group lowered shares of Michelin from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 2nd.

Michelin Price Performance

Shares of MGDDY opened at $16.58 on Friday. Michelin has a one year low of $14.82 and a one year high of $20.00. The stock has a 50-day moving average of $16.26 and a 200-day moving average of $17.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80.

Michelin Company Profile

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.