November 30, 2016 - By Linda Rogers
In a note sent to investors today, Citigroup analysts has initiated Cie Generale des Etablissements Michelin (MGDDY) coverage with Buy rating.
Out of 3 analysts covering Cie Generale des Etablissements Michelin (MGDDY), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. Cie Generale des Etablissements Michelin has been the topic of 3 analyst reports since October 20, 2015 according to StockzIntelligence Inc. As per Tuesday, October 20, the company rating was initiated by Morgan Stanley. The firm earned “Underperform” rating on Tuesday, November 29 by Jefferies. The stock of MICHELIN (CGDE) UNSP ADR EACH REPR 1 5 ORD (OTCMKTS:MGDDY) earned “Sell” rating by Berenberg on Tuesday, November 22.
About 6,392 shares traded hands. MICHELIN (CGDE) UNSP ADR EACH REPR 1 5 ORD (MGDDY) has declined 2.36% since April 27, 2016 and is downtrending. It has underperformed by 7.58% the S&P500.
According to Zacks Investment Research, “Compagnie Generale des Etablissements Michelin manufactures and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of digital services. It manufactures and sells tires for cars, two-wheel vehicles, trucks, construction machinery, tractors and aircrafts. It also sells various car and bicycle accessories like pumps, manometers bicycle helmets, hubcaps, replacement components for tires and transport accessories. Other products sold by the company include protective clothing, table tennis rackets, shoe insoles along with many other items designed for road users. Compagnie Generale des Etablissements Michelin is based in Clermont-Ferrand, France.”
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By Linda Rogers