Michelin (OTCMKTS:MGDDY) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Consensus: Hold — Seven brokerages give Michelin (MGDDY) an average rating of "Hold": five hold, one buy and one strong buy.
• Price and metrics: MGDDY opened at $17.09, trading below its 50‑day ($18.43) and 200‑day ($17.34) moving averages, with a 52‑week range of $14.82–$20.48 and a low debt‑to‑equity ratio of 0.04.
• Recent analyst activity: Zacks upgraded Michelin to a strong-buy on Feb 11 and Citigroup maintained a buy on Jan 29, while Berenberg recently began coverage with a hold.

Shares of Michelin (OTCMKTS:MGDDY - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

A number of research analysts have weighed in on MGDDY shares. Zacks Research upgraded shares of Michelin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 11th. Citigroup restated a "buy" rating on shares of Michelin in a research note on Thursday, January 29th. Finally, Berenberg Bank started coverage on shares of Michelin in a report on Tuesday, January 13th. They issued a "hold" rating on the stock.

Michelin Stock Performance

MGDDY opened at $17.09 on Monday. The firm has a 50-day moving average of $18.43 and a 200 day moving average of $17.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90. Michelin has a fifty-two week low of $14.82 and a fifty-two week high of $20.48.

About Michelin

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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