Michelin (OTCMKTS:MGDDY) Stock Rating Upgraded by Zacks Research

Michelin (OTCMKTS:MGDDY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

MGDDY has been the subject of several other reports. Oddo Bhf lowered shares of Michelin to a “neutral” rating in a research report on Tuesday, October 14th. Morgan Stanley reissued an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. Berenberg Bank assumed coverage on shares of Michelin in a research note on Tuesday, January 13th. They issued a “hold” rating on the stock. UBS Group lowered Michelin from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Michelin in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Michelin Price Performance

Shares of OTCMKTS:MGDDY opened at $20.12 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04. Michelin has a 12-month low of $14.82 and a 12-month high of $20.38. The business’s fifty day simple moving average is $17.53 and its 200-day simple moving average is $17.39.

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.