Michelin (OTCMKTS:MGDDY) Receives Consensus Rating of “Hold” from Analysts

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

MGDDY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Michelin in a research note on Tuesday, July 28th. Citigroup reissued a “buy” rating on shares of Michelin in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

Michelin Trading Up 0.1%

Shares of MGDDY opened at $18.58 on Monday. Michelin has a 52 week low of $14.82 and a 52 week high of $20.57. The stock has a 50 day moving average of $19.67 and a 200-day moving average of $18.88.

Michelin Company Profile

Michelin is a France-based manufacturer best known for designing, producing and distributing tires. The company serves passenger vehicles, motorcycles, trucks, buses, aircraft, agricultural equipment, mining vehicles and other industrial applications. It also develops related products and services, including connected tire technologies, fleet solutions and mobility services.

Founded in 1889 by brothers Édouard and André Michelin, the company is headquartered in Clermont-Ferrand, France.