Safran (OTCMKTS:SAFRY) Downgraded to Hold Rating by DZ Bank

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

SAFRY has been the topic of several other research reports. Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a research note on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Safran in a research note on Monday, July 13th. Finally, BNP Paribas Exane assumed coverage on Safran in a report on Monday, April 13th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Safran Stock Up 0.9%

Shares of SAFRY stock opened at $103.03 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68. Safran has a one year low of $76.86 and a one year high of $106.71. The company’s 50-day moving average is $94.46 and its 200 day moving average is $90.53.

About Safran

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.