Michelin (OTCMKTS:MGDDY) Stock Rating Lowered by Zacks Research

Key Points

• Michelin's stock rating was downgraded from "hold" to "strong sell" by Zacks Research, indicating a negative outlook from analysts.
• The current consensus rating for Michelin shares is "Hold," with various ratings from multiple analysts including one Strong Buy, one Buy, three Hold, and one Sell.
• As of Tuesday, Michelin shares were trading at $15.18, with a 52-week low of $15.05 and a high of $20.00.

Michelin (OTCMKTS:MGDDY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

MGDDY has been the topic of several other research reports. Oddo Bhf cut Michelin to a "neutral" rating in a research report on Tuesday. BNP Paribas upgraded Michelin to a "hold" rating in a research note on Thursday, July 10th. Finally, Citigroup reaffirmed a "buy" rating on shares of Michelin in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Michelin Trading Up 0.3%

Shares of Michelin stock opened at $15.18 on Tuesday. Michelin has a one year low of $15.05 and a one year high of $20.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80. The firm has a fifty day moving average of $18.06 and a two-hundred day moving average of $18.18.

About Michelin

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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