Citigroup Inc. initiated coverage on shares of Michelin (OTCMKTS:MGDDY) in a research report released on Wednesday morning, StockTargetPrices.com reports. The brokerage issued a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Jefferies Group initiated coverage on shares of Michelin in a research report on Tuesday. They issued an underperform rating on the stock. Berenberg Bank initiated coverage on shares of Michelin in a research report on Tuesday, November 22nd. They issued a sell rating on the stock.

Shares of Michelin (OTCMKTS:MGDDY) opened at 21.35 on Wednesday. The company has a 50 day moving average of $0.00 and a 200-day moving average of $0.00. Michelin has a 12-month low of $16.88 and a 12-month high of $22.40.

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