Airbus (OTCMKTS:EADSY) Downgraded by Erste Group Bank to Hold

Airbus (OTCMKTS:EADSY) was downgraded by Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group reissued a “hold” rating on shares of Airbus in a report on Friday, February 20th. Citigroup upgraded Airbus from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Rothschild & Co Redburn lowered Airbus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Airbus presently has an average rating of “Hold”.

Airbus Stock Down 0.7%

EADSY stock opened at $50.86 on Thursday. The business’s fifty day moving average price is $58.02 and its two-hundred day moving average price is $57.69. The stock has a market capitalization of $160.50 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.33 and a beta of 1.05. Airbus has a fifty-two week low of $36.28 and a fifty-two week high of $64.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 0.43.

Airbus (OTCMKTS:EADSY) last issued its quarterly earnings results on Thursday, February 19th. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. The business had revenue of $30.25 billion during the quarter, compared to analysts’ expectations of $33.55 billion. Airbus had a return on equity of 23.20% and a net margin of 7.15%. On average, equities analysts anticipate that Airbus will post 1.74 earnings per share for the current year.

Airbus Company Profile

Airbus SE is a multinational aerospace and defense company that designs, manufactures and supports a broad range of products and services for civil and military customers worldwide. The company’s activities span commercial aircraft, helicopters, defense and space systems, and a growing portfolio of services that include maintenance, training, digital solutions and aftermarket support. Airbus is organized into major business divisions that reflect these activities and operates an extensive industrial and supplier footprint across multiple countries.

In the commercial aircraft segment Airbus is best known for its A320 family of single-aisle jets and larger widebody models such as the A330 and A350 series, as well as the A380 superjumbo.