UBS Group Downgrades Michelin (OTCMKTS:MGDDY) to Neutral

Michelin (OTCMKTS:MGDDY) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat reports.

Several other analysts have also weighed in on the company. Morgan Stanley restated an “equal weight” rating on shares of Michelin in a report on Tuesday. Zacks Research lowered shares of Michelin from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Oddo Bhf lowered Michelin to a “neutral” rating in a report on Tuesday, October 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Michelin in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Michelin Trading Up 0.8%

OTCMKTS MGDDY opened at $16.46 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average price is $16.50 and its 200-day moving average price is $17.81. Michelin has a 52 week low of $14.82 and a 52 week 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.