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

Shares of Michelin (OTCMKTS:MGDDY) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th.

Michelin Price Performance

OTCMKTS:MGDDY opened at $20.36 on Thursday. 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 firm has a 50-day moving average of $19.90 and a 200-day moving average of $18.85. Michelin has a one year low of $14.82 and a one year high of $20.57.

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.