Michelin (OTCMKTS:MGDDY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Michelin (OTCMKTS:MGDDY) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company.

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

Michelin Price Performance

Shares of OTCMKTS MGDDY opened at $20.40 on Friday. 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 company’s 50-day moving average price is $17.61 and its 200 day moving average price is $17.40. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48.

About Michelin

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.