Michelin (OTCMKTS:MGDDY) Receives Consensus Recommendation of “Hold” from Brokerages

Michelin (OTCMKTS:MGDDY) has earned an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company.

MGDDY has been the subject of a number of recent research reports. Barclays raised shares of Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. Citigroup reissued a “buy” rating on shares of Michelin in a research report on Thursday, January 29th. Zacks Research cut shares of Michelin from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Berenberg Bank initiated coverage on shares of Michelin in a research report on Tuesday, January 13th. They issued a “hold” rating for the company.

Michelin Stock Performance

Shares of Michelin stock opened at $18.75 on Friday. The firm has a 50-day moving average of $17.90 and a 200-day moving average of $17.48. Michelin has a 52-week low of $14.82 and a 52-week high of $20.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.22.

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.