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

Shares of Michelin (OTCMKTS:MGDDY) have received an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several equities research analysts recently weighed in on MGDDY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Michelin in a report on Tuesday, July 28th. Zacks Research raised shares of Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Barclays upgraded shares of Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th.

Michelin Trading Up 0.9%

MGDDY opened at $19.92 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $19.42 and a 200-day moving average of $18.73. Michelin has a 52-week low of $14.82 and a 52-week high of $20.48.

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.