Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Lowered to Hold at HSBC

HSBC lowered shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports.

A number of other brokerages have also commented on MGDDY. Jefferies Financial Group upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from an “underperform” rating to a “hold” rating in a research note on Thursday, July 25th. Citigroup upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Compagnie Générale des Établissements Michelin Société en commandite par actions has an average rating of “Hold”.

Compagnie Générale des Établissements Michelin Société en commandite par actions Price Performance

Shares of MGDDY stock opened at $16.75 on Thursday. The company has a 50 day moving average price of $19.45 and a 200-day moving average price of $19.41. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52 week low of $14.11 and a 52 week high of $20.86. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04.

Compagnie Générale des Établissements Michelin Société en commandite par actions 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.