Michelin (OTCMKTS:MGDDY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Michelin (OTCMKTS:MGDDY) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company.

MGDDY has been the topic of several research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. UBS Group lowered Michelin from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded Michelin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Berenberg Bank assumed coverage on Michelin in a report on Tuesday, January 13th. They set a “hold” rating for the company. Finally, Citigroup restated a “buy” rating on shares of Michelin in a research report on Thursday, January 29th.

Michelin Price Performance

Shares of MGDDY stock opened at $20.15 on Friday. Michelin has a 1 year low of $14.82 and a 1 year high of $20.48. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $17.78 and its 200-day moving average is $17.43.

About Michelin

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.