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

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

MGDDY has been the subject of several other research reports. Jefferies Financial Group upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from an “underperform” rating to a “hold” rating in a research report on Thursday, July 25th. Citigroup upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Down 3.9 %

Shares of OTCMKTS MGDDY opened at $17.56 on Thursday. The business’s 50 day moving average is $19.45 and its two-hundred day moving average is $19.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.11. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 1-year low of $14.11 and a 1-year 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.