Bridgestone (OTCMKTS:BRDCY) Upgraded at Zacks Research

Zacks Research upgraded shares of Bridgestone (OTCMKTS:BRDCY) from a strong sell rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Separately, Smbc Nikko Sec. upgraded shares of Bridgestone to a “strong-buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Bridgestone Trading Down 1.4%

Shares of OTCMKTS:BRDCY opened at $11.68 on Wednesday. The company’s 50-day moving average price is $15.59 and its two-hundred day moving average price is $20.30. 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 current ratio of 2.48 and a quick ratio of 1.66. The stock has a market capitalization of $31.16 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.09 and a beta of 0.54.

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.