Michelin (OTCMKTS:MGDDY) Receives Consensus Rating of “Hold” from Analysts

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

Several brokerages have commented on MGDDY. Zacks Research lowered Michelin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Barclays raised Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th.

Michelin Stock Performance

Shares of Michelin stock opened at $18.25 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.22. The business has a fifty day simple moving average of $17.91 and a two-hundred day simple moving average of $17.71. Michelin has a 12 month low of $14.82 and a 12 month high of $20.48.

Michelin Company Profile

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.