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

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

A number of other equities analysts have also recently commented on MGDDY. Jefferies Financial Group raised 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 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 given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

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

OTCMKTS MGDDY opened at $16.73 on Thursday. The stock has a 50 day moving average price of $19.40 and a 200-day moving average price of $19.39. Compagnie Générale des Établissements Michelin Société en commandite par actions has a one year low of $14.37 and a one year 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.