Michelin (OTCMKTS:MGDDY – Get Free Report) saw an uptick in trading volume on Monday . 220,644 shares traded hands during trading, an increase of 90% from the previous session’s volume of 116,338 shares.The stock last traded at $16.6999 and had previously closed at $16.75.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Citigroup restated a “buy” rating on shares of Michelin in a research report on Friday, October 10th. Morgan Stanley reissued an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. Oddo Bhf cut shares of Michelin to a “neutral” rating in a report on Tuesday, October 14th. UBS Group downgraded shares of Michelin from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on MGDDY
Michelin Trading Up 0.7%
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.
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