Safran (OTCMKTS:SAFRY) Upgraded to Strong-Buy at DZ Bank

DZ Bank upgraded shares of Safran (OTCMKTS:SAFRY) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks reports.

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

Safran Price Performance

OTCMKTS SAFRY opened at $76.63 on Thursday. The business’s fifty day moving average is $91.41 and its 200 day moving average is $91.33. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. Safran has a fifty-two week low of $75.22 and a fifty-two week high of $106.71.

Safran Company Profile

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.