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

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) was downgraded by analysts at HSBC from a “buy” rating to a “hold” rating in a report issued on Thursday, Briefing.com reports.

A number of other equities research analysts have also recently commented on MGDDY. Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a report on Thursday, September 26th. 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

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

OTCMKTS MGDDY opened at $17.56 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average is $19.45 and its 200 day moving average is $19.41. Compagnie Générale des Établissements Michelin Société en commandite par actions has a fifty-two week low of $14.11 and a fifty-two week high of $20.86.

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.