Michelin (OTCMKTS:MGDDY) Cut to Hold at Zacks Research

Zacks Research cut shares of Michelin (OTCMKTS:MGDDY) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Citigroup reaffirmed a “buy” rating on shares of Michelin in a report on Thursday, January 29th. Berenberg Bank assumed coverage on Michelin in a report on Tuesday, January 13th. They issued a “hold” rating for the company. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Michelin Stock Performance

OTCMKTS MGDDY opened at $17.71 on Tuesday. Michelin has a twelve month low of $14.82 and a twelve month high of $20.48. The company has a quick ratio of 1.22, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $18.35 and a 200 day moving average of $17.33.

Michelin Company Profile

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.