Morgan Stanley Reaffirms “Equal Weight” Rating for Michelin (OTCMKTS:MGDDY)

Michelin (OTCMKTS:MGDDY)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

Several other analysts have also recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research note on Friday, October 10th. Zacks Research downgraded Michelin from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Oddo Bhf lowered Michelin to a “neutral” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Michelin Stock Up 0.8%

Shares of OTCMKTS MGDDY opened at $16.46 on Tuesday. The company has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $17.81. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04. Michelin has a 12 month low of $14.82 and a 12 month high of $20.00.

Michelin Company Profile

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.