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

Shares of Michelin (OTCMKTS:MGDDY) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have recently weighed in on MGDDY shares. Oddo Bhf downgraded Michelin to a “neutral” rating in a research report on Tuesday, October 14th. Morgan Stanley restated an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. Citigroup reiterated a “buy” rating on shares of Michelin in a research note on Friday, October 10th. Zacks Research cut shares of Michelin from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, UBS Group downgraded shares of Michelin from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 2nd.

Michelin Price Performance

Shares of Michelin stock opened at $16.29 on Tuesday. Michelin has a twelve month low of $14.82 and a twelve month high of $20.00. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $16.41 and a 200 day moving average price of $17.74.

Michelin Company Profile

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.