Bridgestone (OTCMKTS:BRDCY) Upgraded at Smbc Nikko Sec.

Smbc Nikko Sec. upgraded shares of Bridgestone (OTCMKTS:BRDCY) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Zacks Research cut Bridgestone from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Bridgestone Stock Up 0.3%

Shares of BRDCY opened at $11.85 on Tuesday. The stock has a market capitalization of $31.62 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.09 and a beta of 0.54. The stock has a 50 day moving average price of $15.82 and a 200 day moving average price of $20.36. Bridgestone has a one year low of $8.82 and a one year high of $12.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.66 and a current ratio of 2.48.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.