Safran (OTCMKTS:SAFRY) Downgraded by DZ Bank to Hold

Safran (OTCMKTS:SAFRYGet Free Report) was downgraded by investment analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. BNP Paribas Exane assumed coverage on shares of Safran in a research report on Monday, April 13th. They set a “neutral” rating for the company. Citigroup reiterated a “neutral” rating on shares of Safran in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on Safran

Safran Stock Up 0.9%

Shares of OTCMKTS:SAFRY opened at $103.03 on Thursday. The firm has a 50 day moving average of $94.46 and a 200-day moving average of $90.53. Safran has a 12 month low of $76.86 and a 12 month high of $106.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.

About Safran

(Get Free Report)

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.

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