Michelin (OTCMKTS:MGDDY) Receives Average Rating of “Hold” from Analysts

Shares of Michelin (OTCMKTS:MGDDY) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities analysts have weighed in on MGDDY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Michelin in a report on Friday, July 3rd. Barclays upgraded Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. Finally, Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

Michelin Trading Down 0.7%

Shares of MGDDY opened at $19.47 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.22. Michelin has a 12-month low of $14.82 and a 12-month high of $20.48. The firm has a 50-day moving average price of $18.83 and a 200 day moving average price of $18.35.

Michelin Company Profile

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.