Michelin (OTCMKTS:MGDDY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Michelin (OTCMKTS:MGDDY) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Michelin Trading Up 0.6%

Shares of OTCMKTS:MGDDY opened at $19.26 on Monday. Michelin has a twelve month low of $14.82 and a twelve month high of $20.48. The company’s 50 day moving average is $18.59 and its 200 day moving average is $18.12. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04.

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.