Michelin (OTCMKTS:MGDDY) Stock Rated “Hold” by Wall Street Brokerages

Michelin (OTCMKTS:MGDDY) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

MGDDY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Michelin in a research report on Tuesday, July 28th. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th.

Michelin Stock Down 1.0%

OTCMKTS:MGDDY opened at $18.99 on Monday. The stock has a 50 day simple moving average of $19.71 and a 200 day simple moving average of $18.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.65 and a quick ratio of 1.22. Michelin has a 1-year low of $14.82 and a 1-year high of $20.57.

About Michelin

Michelin is a France-based manufacturer best known for designing, producing and distributing tires. The company serves passenger vehicles, motorcycles, trucks, buses, aircraft, agricultural equipment, mining vehicles and other industrial applications. It also develops related products and services, including connected tire technologies, fleet solutions and mobility services.

Founded in 1889 by brothers Édouard and André Michelin, the company is headquartered in Clermont-Ferrand, France.