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

Michelin (OTCMKTS:MGDDYGet Free Report) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

MGDDY has been the topic of several recent research reports. Zacks Research cut Michelin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Berenberg Bank initiated coverage on Michelin in a research report on Tuesday, January 13th. They issued a “hold” rating on the stock. Barclays upgraded Michelin from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, April 14th. Finally, Citigroup restated a “buy” rating on shares of Michelin in a research report on Thursday, January 29th.

Check Out Our Latest Stock Report on Michelin

Michelin Stock Performance

MGDDY opened at $18.24 on Friday. The business’s 50-day simple moving average is $17.98 and its 200-day simple moving average is $17.38. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04. Michelin has a one year low of $14.82 and a one year high of $20.48.

About Michelin

(Get Free Report)

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.

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Analyst Recommendations for Michelin (OTCMKTS:MGDDY)

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