Michelin (OTCMKTS:MGDDY) Raised to Equal Weight at Barclays

Michelin (OTCMKTS:MGDDY) was upgraded by analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research report issued on Tuesday.

A number of other equities research analysts also recently issued reports on the company. Berenberg Bank initiated coverage on Michelin in a research report on Tuesday, January 13th. They set a “hold” rating for the company. Citigroup reissued a “buy” rating on shares of Michelin in a report on Thursday, January 29th. Finally, Zacks Research downgraded Michelin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Michelin Stock Down 0.1%

Michelin stock opened at $17.81 on Tuesday. The stock has a fifty day moving average price of $18.32 and a 200 day moving average price of $17.32. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04.

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.