Bridgestone (OTCMKTS:BRDCY) Rating Lowered to Hold at Zacks Research

Bridgestone (OTCMKTS:BRDCY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

A number of other brokerages have also issued reports on BRDCY. Sanford C. Bernstein lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. The Goldman Sachs Group downgraded shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Bridgestone Stock Up 0.3%

Shares of BRDCY opened at $12.04 on Tuesday. The business’s 50 day moving average is $12.49 and its 200 day moving average is $11.34. The company has a market capitalization of $31.10 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.06 and a beta of 0.57. Bridgestone has a 12-month low of $9.15 and a 12-month high of $13.64. The company has a current ratio of 2.71, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger vehicles, trucks and buses, motorcycles, aircraft, agricultural equipment, mining and construction vehicles, and other commercial applications.

Beyond replacement and original-equipment tires, Bridgestone provides tire retreading, vehicle maintenance, and fleet-management services. Its broader business also includes industrial rubber products, materials, and mobility solutions designed to support transportation, manufacturing, construction, and other industries.

Founded in 1931 by Shojiro Ishibashi, Bridgestone is headquartered in Tokyo and serves customers through operations, manufacturing facilities, distribution networks, and retail channels across markets worldwide.