Ryanair (RYAAY) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Ryanair (NASDAQ:RYAAY) from a sell rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “Ryanair operates an ultra-low cost, scheduled airline serving short-haul, point-to-point routes largely in Europe from its bases in airports across Europe. The company offers over 1,600 scheduled short-haul flights per day serving airports largely throughout Europe, with a principal fleet of Boeing 737-800 aircraft. “
RYAAY has been the topic of a number of other reports. Kepler Capital Markets lowered Ryanair from a hold rating to a reduce rating in a research report on Thursday, September 21st. lowered Ryanair from a buy rating to a reduce rating in a research report on Thursday, September 14th. BidaskClub lowered Ryanair from a buy rating to a hold rating in a research report on Friday, August 25th. Finally, Citigroup assumed coverage on Ryanair in a research report on Monday, November 20th. They set a buy rating on the stock. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $96.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund bought a new position in Ryanair in the 2nd quarter valued at $108,000. Mountain Capital Investment Advisors Inc bought a new position in Ryanair in the 2nd quarter valued at $112,000. Quantbot Technologies LP bought a new position in Ryanair in the 3rd quarter valued at $151,000. Dynamic Technology Lab Private Ltd bought a new position in Ryanair in the 3rd quarter valued at $235,000. Finally, USA Financial Portformulas Corp bought a new position in Ryanair in the 3rd quarter valued at $255,000. Institutional investors and hedge funds own 40.32% of the company’s stock.
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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