Michelin (OTCMKTS:MGDDY) Cut to Neutral at UBS Group

UBS Group cut shares of Michelin (OTCMKTS:MGDDY) from a buy rating to a neutral rating in a report released on Tuesday, Marketbeat Ratings reports.

MGDDY has been the subject of a number of other reports. Zacks Research cut shares of Michelin from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Oddo Bhf downgraded shares of Michelin to a “neutral” rating in a research report on Tuesday, October 14th. Citigroup reiterated a “buy” rating on shares of Michelin in a report on Friday, October 10th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Michelin in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Michelin Price Performance

Shares of MGDDY stock opened at $16.27 on Tuesday. Michelin has a 1-year low of $14.82 and a 1-year high of $20.00. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $16.47 and a 200-day simple moving average of $17.80.

Michelin Company Profile

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.