Michelin (OTCMKTS:MGDDY) Given Average Recommendation of “Moderate Buy” by Brokerages

Michelin (OTCMKTS:MGDDY) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company.

MGDDY has been the subject of several research analyst reports. Morgan Stanley reissued an “equal weight” rating on shares of Michelin in a research report on Tuesday, December 2nd. Zacks Research raised Michelin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. UBS Group downgraded Michelin from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 2nd. Citigroup reiterated a “buy” rating on shares of Michelin in a report on Thursday, January 29th. Finally, Berenberg Bank assumed coverage on Michelin in a research report on Tuesday, January 13th. They issued a “hold” rating for the company.

Michelin Stock Up 0.3%

MGDDY stock opened at $17.88 on Thursday. The company has a 50-day moving average of $18.62 and a two-hundred day moving average of $17.51. Michelin has a 52-week low of $14.82 and a 52-week high of $20.48. 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.