Safran (OTCMKTS:SAFRY) Downgraded by Zacks Research to "Strong Sell"

Key Points

• Zacks Research downgraded Safran from “hold” to “strong sell,” despite several other analysts maintaining positive or neutral ratings.
• Safran’s analyst consensus remains “Moderate Buy,” with two Strong Buy, two Buy, three Hold and one Sell rating.
• Shares opened at $76.63, near the company’s 52-week low of $75.22 and well below its 52-week high of $106.71; the 50-day and 200-day moving averages are both around $91.40.

Safran (OTCMKTS:SAFRY - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Thursday, Zacks reports.

SAFRY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a report on Wednesday, July 29th. DZ Bank upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a report on Thursday. Jefferies Financial Group reissued a "hold" rating on shares of Safran in a research report on Thursday, August 13th. Royal Bank Of Canada restated an "outperform" rating on shares of Safran in a research note on Monday. Finally, Citigroup reaffirmed a "neutral" rating on shares of Safran in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Safran Stock Performance

Shares of SAFRY stock opened at $76.63 on Thursday. Safran has a fifty-two week low of $75.22 and a fifty-two week high of $106.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.66 and a current ratio of 0.92. The stock's 50-day simple moving average is $91.41 and its 200-day simple moving average is $91.33.

Safran Company Profile

Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.

Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.

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