MICHELIN (CGDE) (OTCMKTS:MGDDY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Compagnie Generale des Etablissements Michelin manufactures and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of digital services. It manufactures and sells tires for cars, two-wheel vehicles, trucks, construction machinery, tractors and aircrafts. It also sells various car and bicycle accessories like pumps, manometers bicycle helmets, hubcaps, replacement components for tires and transport accessories. Other products sold by the company include protective clothing, table tennis rackets, shoe insoles along with many other items designed for road users. Compagnie Generale des Etablissements Michelin is based in Clermont-Ferrand, France. “

Separately, Jefferies Group raised shares of MICHELIN (CGDE) from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd.

Shares of MICHELIN (OTCMKTS MGDDY) traded up $0.19 on Wednesday, hitting $29.10. 2,968 shares of the stock traded hands, compared to its average volume of 37,883. MICHELIN has a 52 week low of $21.24 and a 52 week high of $29.74.

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MICHELIN (CGDE) Company Profile

Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles. The company provides its products primarily under the BFGoodrich, KLEBER, UNIROYAL, TIGAR, KORMORAN, RIKEN, TAURUS, SIAMTYRE, and WARRIOR brand names.

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