NEW YORK (TheStreet) -- Ford Motor Co. (F) ranking in a closely watched new-car-quality study rebounded to the industry average after years of below-par grades tied to consumer complaints about its MyFord Touch multimedia system, the Wall Street Journal reports.
Ford moved up 11 places to 16th place in the J.D. Power & Associates Initial Quality Study, which annually compiles the rankings based on problems reported by owners during their first 90 days of ownership.
The advance could signal that Ford is beginning to move past earlier problems with the entertainment and phone system. Consumers have complained about glitches in the software and the system being too difficult to use, the Journal said.
TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."