Michelin (OTCMKTS:MGDDY) Receives Average Rating of “Moderate Buy” from Analysts

Michelin (OTCMKTS:MGDDYGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company.

Several equities analysts have weighed in on the company. Berenberg Bank started coverage on Michelin in a report on Tuesday, January 13th. They set a “hold” rating for the company. Zacks Research raised shares of Michelin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research note on Thursday, January 29th. Morgan Stanley reiterated an “equal weight” rating on shares of Michelin in a research note on Tuesday, December 2nd. Finally, UBS Group cut shares of Michelin from a “buy” rating to a “neutral” rating in a report on Tuesday, December 2nd.

View Our Latest Stock Analysis on Michelin

Michelin Stock Performance

Shares of MGDDY stock opened at $19.68 on Friday. Michelin has a 1 year low of $14.82 and a 1 year high of $20.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.12. The firm has a fifty day moving average price of $17.92 and a 200-day moving average price of $17.46.

Michelin Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Michelin (OTCMKTS:MGDDY)

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