Michelin (OTCMKTS:MGDDY) Receives Average Recommendation of “Hold” from Analysts

Michelin (OTCMKTS:MGDDY) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

A number of research firms have issued reports on MGDDY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Michelin in a research report on Tuesday, July 28th. Citigroup restated a “buy” rating on shares of Michelin in a research note 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 Down 2.1%

Michelin stock opened at $19.55 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. Michelin has a 52 week low of $14.82 and a 52 week high of $20.57. The stock has a fifty day moving average of $19.91 and a 200-day moving average of $18.85.

About Michelin

Michelin is a French multinational company that develops, manufactures and sells tires for passenger cars, commercial vehicles, motorcycles, bicycles, aircraft and specialized equipment. Its product portfolio serves consumer, professional and industrial customers, including applications in transportation, construction, agriculture and mining.

Founded in 1889 by brothers Édouard and André Michelin, the company has expanded from tire manufacturing into broader mobility-related products and services.