Grupo Aeromexico (NYSE:AERO) Stock Rating Upgraded by Zacks Research

Grupo Aeromexico (NYSE:AERO) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also weighed in on AERO. Itau BBA Securities assumed coverage on Grupo Aeromexico in a report on Sunday, November 30th. They set an “outperform” rating on the stock. Barclays initiated coverage on Grupo Aeromexico in a research note on Wednesday. They issued an “overweight” rating and a $27.00 price objective on the stock. Citigroup began coverage on Grupo Aeromexico in a research report on Wednesday. They set a “buy” rating and a $27.00 target price for the company. Wall Street Zen raised shares of Grupo Aeromexico to a “hold” rating in a research report on Saturday, November 15th. Finally, Evercore ISI began coverage on shares of Grupo Aeromexico in a report on Wednesday. They set an “outperform” rating and a $36.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Grupo Aeromexico Price Performance

Grupo Aeromexico stock opened at $21.27 on Thursday. Grupo Aeromexico has a 1-year low of $16.00 and a 1-year high of $22.25.

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.