Safran (OTCMKTS:SAFRY) Stock Rating Upgraded by DZ Bank

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

Several other research firms have also recently weighed in on SAFRY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a report on Monday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Finally, Citigroup reissued a “neutral” rating on shares of Safran in a report on Wednesday. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Safran Trading Down 2.1%

OTCMKTS SAFRY opened at $76.63 on Thursday. The company’s 50 day moving average is $91.41 and its 200-day moving average is $91.33. Safran has a 12-month low of $75.22 and a 12-month high of $106.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.92 and a quick ratio of 0.66.

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.