Michelin (OTCMKTS:MGDDY) Receives Average Recommendation of “Hold” from Analysts

Michelin (OTCMKTS:MGDDY) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

MGDDY has been the topic of several recent research reports. Barclays raised Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. Zacks Research raised Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Michelin in a report on Friday, July 3rd.

Michelin Trading Up 0.2%

Shares of OTCMKTS:MGDDY opened at $20.06 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.22. The stock has a 50 day moving average price of $18.89 and a 200-day moving average price of $18.41. Michelin has a 52-week low of $14.82 and a 52-week high of $20.48.

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.