Michelin (OTCMKTS:MGDDY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Michelin (OTCMKTS:MGDDY) have been given a consensus rating of “Hold” by the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several brokerages recently commented on MGDDY. Zacks Research cut shares of Michelin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. Finally, Citigroup reiterated a “buy” rating on shares of Michelin in a research note on Thursday, January 29th.

Michelin Stock Performance

Shares of OTCMKTS MGDDY opened at $17.60 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The firm has a 50-day moving average price of $17.83 and a 200 day moving average price of $17.67.

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.