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

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

A number of equities analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Michelin in a report on Tuesday, July 28th. Finally, Zacks Research raised Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

Michelin Stock Down 0.4%

Shares of OTCMKTS:MGDDY opened at $20.00 on Friday. 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. The company’s fifty day simple moving average is $19.52 and its 200 day simple moving average is $18.77.

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.