Michelin (OTCMKTS:MGDDY) Upgraded to Hold at Zacks Research

Michelin (OTCMKTS:MGDDY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Barclays raised Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Michelin Price Performance

MGDDY stock opened at $19.26 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90. The firm has a 50 day simple moving average of $18.59 and a 200 day simple moving average of $18.12. Michelin has a 52 week low of $14.82 and a 52 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.