Michelin (OTCMKTS:MGDDY) Raised to Equal Weight at Barclays

Michelin (OTCMKTS:MGDDY - Get Free Report) was upgraded by investment analysts at Barclays from an "underweight" rating to an "equal weight" rating in a research note issued on Tuesday.Goodyear Tires can benefit from EVs, but not how you may thinkA number of other equities analysts have also recently commented on MGDDY. Berenberg Bank assumed coverage on Michelin in a report on Tuesday, January 13th. They set a "hold" rating for the company. Citigroup reissued a "buy" rating on shares of Michelin in a research report on Thursday, January 29th. Finally, Zacks Research lowered Michelin from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Michelin currently has a consensus rating of "Hold".Get Our Latest Research Report on MGDDYMichelin Trading Down 0.1%Shares of Michelin stock opened at $17.81 on Tuesday. The business's fifty day simple moving average is $18.32 and its 200-day simple moving average is $17.32. Michelin has a 52 week low of $14.82 and a 52 week high of $20.48. The company has a quick ratio of 1.22, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. About Michelin (Get Free Report)Michelin OTCMKTS: MGDDY is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets. The company’s core business is the design, manufacture and sale of tires and related products.See AlsoFive stocks we like better than MichelinThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Michelin Right Now?Before you consider Michelin, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Michelin wasn't on the list.While Michelin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here