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

Shares of Michelin (OTCMKTS:MGDDY) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several brokerages have commented on MGDDY. Citigroup reiterated a “buy” rating on shares of Michelin in a report on Thursday, January 29th. UBS Group cut shares of Michelin from a “buy” rating to a “neutral” rating in a report on Tuesday, December 2nd. Zacks Research raised Michelin from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Morgan Stanley restated an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. Finally, Berenberg Bank started coverage on Michelin in a research note on Tuesday, January 13th. They set a “hold” rating for the company.

Michelin Stock Up 1.4%

Michelin stock opened at $20.40 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.12. Michelin has a 12-month low of $14.82 and a 12-month high of $20.48. The firm has a 50 day moving average of $17.61 and a 200 day moving average of $17.40.

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.