Michelin (OTCMKTS:MGDDY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Michelin (OTCMKTS:MGDDY) have received an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

Several brokerages have recently 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 upgraded Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research note on Friday, July 3rd.

Michelin Stock Performance

MGDDY stock opened at $20.04 on Wednesday. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The company has a fifty day simple moving average of $18.94 and a two-hundred day simple moving average of $18.47. 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 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.