Safran (OTCMKTS:SAFRY) Cut to "Hold" at Zacks Research

Key Points

• Safran has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, indicating a shift in analyst sentiment regarding the company's stock.
• In addition to Zacks, Citigroup also downgraded Safran, while other brokerages like Goldman Sachs and Sanford C. Bernstein have varied their ratings from "buy" to "strong-buy."
• As of Tuesday, Safran's stock opened at $87.22, with a 52-week high of $88.31 and a low of $53.38, signaling a volatile performance over the past year.

Safran (OTCMKTS:SAFRY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on SAFRY. The Goldman Sachs Group initiated coverage on shares of Safran in a research report on Friday, September 19th. They set a "buy" rating for the company. Citigroup cut shares of Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Barclays restated an "overweight" rating on shares of Safran in a research note on Wednesday, June 25th. Finally, Sanford C. Bernstein upgraded Safran from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Safran Price Performance

Shares of OTCMKTS:SAFRY opened at $87.22 on Tuesday. The stock's 50-day simple moving average is $83.89 and its two-hundred day simple moving average is $75.60. Safran has a 52-week low of $53.38 and a 52-week high of $88.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.

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