Safran (OTCMKTS:SAFRY) Upgraded by Royal Bank of Canada to Moderate Buy

Royal Bank of Canada upgraded shares of Safran (OTCMKTS:SAFRY) to a moderate buy rating in a report released on Wednesday morning, Zacks.com reports.

Separately, Citigroup upgraded shares of Safran from a neutral rating to a buy rating in a research report on Thursday, June 27th.

Safran Trading Up 3.4 %

Safran stock opened at $56.06 on Wednesday. Safran has a 12-month low of $37.54 and a 12-month high of $59.30. The firm has a 50 day simple moving average of $54.15 and a 200-day simple moving average of $54.97.

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.