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

Shares of Michelin (OTCMKTS:MGDDY) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

MGDDY has been the subject of several recent research reports. Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Citigroup restated a “buy” rating on shares of Michelin in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Michelin in a report on Tuesday, July 28th.

Michelin Trading Up 0.7%

Shares of MGDDY opened at $20.36 on Thursday. 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 has a fifty-two week low of $14.82 and a fifty-two week high of $20.57. The firm’s 50-day simple moving average is $19.87 and its two-hundred day simple moving average is $18.86.

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.