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

Shares of Michelin (OTCMKTS:MGDDY) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company.

A number of research analysts have recently issued reports on MGDDY shares. Barclays raised Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. Zacks Research cut Michelin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th.

Michelin Price Performance

Shares of OTCMKTS:MGDDY opened at $19.11 on Friday. The stock’s 50-day moving average price is $18.57 and its 200-day moving average price is $18.07. Michelin has a 12-month low of $14.82 and a 12-month high of $20.48. The company has a quick ratio of 1.22, a current ratio of 1.90 and a debt-to-equity ratio of 0.04.

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.