MICHELIN (CGDE) (MGDDY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of MICHELIN (CGDE) (OTCMKTS:MGDDY) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Compagnie Generale des Etablissements Michelin manufactures and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of digital services. It manufactures and sells tires for cars, two-wheel vehicles, trucks, construction machinery, tractors and aircrafts. It also sells various car and bicycle accessories like pumps, manometers bicycle helmets, hubcaps, replacement components for tires and transport accessories. Other products sold by the company include protective clothing, table tennis rackets, shoe insoles along with many other items designed for road users. Compagnie Generale des Etablissements Michelin is based in Clermont-Ferrand, France. “

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Separately, Morgan Stanley cut MICHELIN (CGDE) from an overweight rating to an equal weight rating in a research report on Friday, March 23rd.

OTCMKTS:MGDDY opened at $29.08 on Wednesday. The stock has a market cap of $26,174.02, a PE ratio of 14.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01. MICHELIN has a 1 year low of $23.35 and a 1 year high of $32.26.

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MICHELIN (CGDE) Company Profile

Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles. The company provides its products primarily under the BFGoodrich, KLEBER, UNIROYAL, TIGAR, KORMORAN, RIKEN, TAURUS, SIAMTYRE, and WARRIOR brand names.

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