Michelin (OTCMKTS:MGDDY) Given Average Rating of “Hold” by Brokerages

Michelin (OTCMKTS:MGDDY) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages recently issued reports on MGDDY. Morgan Stanley restated an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. UBS Group downgraded shares of Michelin from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 2nd. Citigroup restated a “buy” rating on shares of Michelin in a report on Friday, October 10th. Oddo Bhf cut shares of Michelin to a “neutral” rating in a research report on Tuesday, October 14th. Finally, Berenberg Bank assumed coverage on Michelin in a research report on Tuesday, January 13th. They issued a “hold” rating on the stock.

Michelin Trading Up 1.7%

OTCMKTS:MGDDY opened at $18.54 on Wednesday. Michelin has a 52 week low of $14.82 and a 52 week high of $20.00. The stock’s fifty day moving average is $16.77 and its two-hundred day moving average is $17.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80.

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.