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

Key Points

• Michelin has received a consensus rating of "Hold" from six analysts, including recommendations ranging from sell to strong buy.
• Recent changes in recommendations include a downgrade to "strong sell" by Zacks Research and a reaffirmation of "buy" by Citigroup.
• As of the latest trading session, Michelin's stock was up 0.3% at $15.18, with a 1-year trading range between $15.05 and $20.00.

Michelin (OTCMKTS:MGDDY - Get Free Report) has been assigned an average rating of "Hold" from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have recently commented on the company. Oddo Bhf lowered Michelin to a "neutral" rating in a research report on Tuesday. Zacks Research lowered Michelin from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Citigroup reaffirmed a "buy" rating on shares of Michelin in a research report on Friday, October 10th. Finally, BNP Paribas raised Michelin to a "hold" rating in a research report on Thursday, July 10th.

Michelin Trading Up 0.3%

Shares of MGDDY opened at $15.18 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80. Michelin has a 1 year low of $15.05 and a 1 year high of $20.00. The stock's 50-day moving average price is $18.06 and its two-hundred day moving average price is $18.18.

Michelin Company Profile

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.

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