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

Shares of Michelin (OTCMKTS:MGDDY) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several research analysts have recently commented on MGDDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research note on Tuesday, July 28th. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research note on Wednesday. Finally, Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th.

Michelin Price Performance

OTCMKTS MGDDY opened at $20.07 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $19.49 and a two-hundred day moving average of $18.76. Michelin has a 1-year low of $14.82 and a 1-year high of $20.48.

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.