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

Michelin (OTCMKTS:MGDDY) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company.

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

Michelin Stock Performance

OTCMKTS MGDDY opened at $16.91 on Thursday. The company has a 50-day moving average price of $18.64 and a two-hundred day moving average price of $17.48. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80.

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.