Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Downgraded by 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 report published on Thursday, Marketbeat Ratings reports.

Several other equities analysts have also issued reports on MGDDY. Jefferies Financial Group raised Compagnie Générale des Établissements Michelin Société en commandite par actions from an “underperform” rating to a “hold” rating in a report on Thursday, July 25th. Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Down 0.1 %

Shares of MGDDY stock opened at $16.73 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.04. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52-week low of $14.37 and a 52-week high of $20.86. The company has a 50-day simple moving average of $19.36 and a two-hundred day simple moving average of $19.38.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

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.