Deutsche Bank downgraded shares of Bridgestone (OTCMKTS:BRDCY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, The Fly reports.

Separately, Zacks Investment Research cut Bridgestone from a hold rating to a sell rating in a report on Friday, December 7th.

Shares of BRDCY opened at $19.21 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 1.64 and a debt-to-equity ratio of 0.12. Bridgestone has a 1 year low of $17.61 and a 1 year high of $25.08. The stock has a market cap of $28.99 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 2.22 and a beta of 0.39.

Bridgestone (OTCMKTS:BRDCY) last issued its earnings results on Thursday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.12). Bridgestone had a return on equity of 11.02% and a net margin of 8.47%. The company had revenue of $8.06 billion for the quarter, compared to the consensus estimate of $8.45 billion. As a group, equities analysts predict that Bridgestone will post 1.7 earnings per share for the current year.

Bridgestone Company Profile

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products worldwide. The company provides tires and tire tubes for passenger cars, trucks, buses, construction/mining vehicles, industrial machines, agricultural machines, aircraft, and motorcycles and scooters; and tire related products, retread materials and services, tire raw materials, and automotive maintenance and repair services.

Featured Story: How can investors find ex-dividend dates?

The Fly

Receive News & Ratings for Bridgestone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgestone and related companies with's FREE daily email newsletter.