Michelin (OTCMKTS:MGDDY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Michelin (OTCMKTS:MGDDY) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company.

MGDDY has been the topic of a number of analyst reports. UBS Group lowered shares of Michelin from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 2nd. Berenberg Bank began coverage on shares of Michelin in a research note on Tuesday, January 13th. They issued a “hold” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Michelin in a report on Thursday, January 29th. Morgan Stanley reiterated an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. Finally, Zacks Research raised shares of Michelin from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th.

Michelin Stock Performance

MGDDY opened at $16.93 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04. Michelin has a one year low of $14.82 and a one year high of $20.48. The business’s 50-day simple moving average is $18.64 and its 200-day simple moving average is $17.49.

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.