Safran (OTCMKTS:SAFRY) Upgraded at DZ Bank

Safran (OTCMKTS:SAFRY) was upgraded by analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a research report on Thursday, August 13th. Citigroup reissued a “neutral” rating on shares of Safran in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Safran in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Safran has a consensus rating of “Moderate Buy”.

Safran Stock Performance

Shares of SAFRY stock opened at $76.63 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $91.41 and a 200 day simple moving average of $91.33. Safran has a 52 week low of $75.22 and a 52 week high of $106.71.

About Safran

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.