Michelin (OTCMKTS:MGDDY) Given Average Rating of “Hold” by Analysts

Michelin (OTCMKTS:MGDDYGet Free Report) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company.

A number of research firms have issued reports on MGDDY. Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. Zacks Research cut shares of Michelin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th.

Check Out Our Latest Stock Analysis on MGDDY

Michelin Stock Performance

MGDDY stock opened at $19.05 on Friday. The firm’s 50-day moving average price is $18.46 and its two-hundred day moving average price is $17.98. Michelin has a 12-month low of $14.82 and a 12-month high of $20.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90.

Michelin Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Michelin (OTCMKTS:MGDDY)

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