Michelin (OTCMKTS:MGDDY) Given Average Recommendation of “Hold” by Analysts

Shares of Michelin (OTCMKTS:MGDDY) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

MGDDY has been the subject of several recent analyst reports. Oddo Bhf downgraded Michelin to a “neutral” rating in a report on Tuesday, October 14th. Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Morgan Stanley reiterated an “equal weight” rating on shares of Michelin in a research report on Tuesday, December 2nd. Citigroup reissued a “buy” rating on shares of Michelin in a research note on Friday, October 10th. Finally, Berenberg Bank began coverage on shares of Michelin in a report on Tuesday, January 13th. They set a “hold” rating on the stock.

Michelin Trading Down 0.9%

MGDDY opened at $17.24 on Wednesday. Michelin has a 12 month low of $14.82 and a 12 month high of $20.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80. The company has a fifty day simple moving average of $16.57 and a 200 day simple moving average of $17.34.

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.