American Airlines Group (NASDAQ:AAL) Upgraded at JPMorgan Chase & Co.

American Airlines Group (NASDAQ:AALGet Rating) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday, The Fly reports.

Several other brokerages also recently weighed in on AAL. The Goldman Sachs Group dropped their price objective on American Airlines Group from $14.00 to $12.00 and set a “sell” rating for the company in a research report on Wednesday, March 16th. Wolfe Research initiated coverage on American Airlines Group in a research report on Tuesday, February 15th. They set an “outperform” rating for the company. Susquehanna dropped their price objective on American Airlines Group from $21.00 to $19.00 in a research report on Friday, January 21st. StockNews.com initiated coverage on American Airlines Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Susquehanna Bancshares dropped their price objective on American Airlines Group from $21.00 to $19.00 in a research report on Friday, January 21st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and an average target price of $20.62.

AAL opened at $20.22 on Friday. The business has a fifty day simple moving average of $17.03 and a 200 day simple moving average of $18.08. The company has a market capitalization of $13.13 billion, a PE ratio of -6.46 and a beta of 1.59. American Airlines Group has a 1 year low of $12.44 and a 1 year high of $26.04.

American Airlines Group (NASDAQ:AALGet Rating) last released its earnings results on Thursday, April 21st. The airline reported ($2.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.40) by $0.08. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.82 billion. The business’s revenue was up 122.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($4.32) earnings per share. On average, sell-side analysts predict that American Airlines Group will post -3.48 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Ovata Capital Management Ltd bought a new position in shares of American Airlines Group in the third quarter valued at approximately $8,512,000. Renaissance Technologies LLC bought a new position in shares of American Airlines Group in the third quarter valued at approximately $106,947,000. Allianz Asset Management GmbH bought a new position in shares of American Airlines Group in the third quarter valued at approximately $96,313,000. U S Global Investors Inc. lifted its holdings in shares of American Airlines Group by 12.3% in the third quarter. U S Global Investors Inc. now owns 18,300,657 shares of the airline’s stock valued at $375,529,000 after purchasing an additional 1,999,652 shares in the last quarter. Finally, Norges Bank bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $30,222,000. Institutional investors and hedge funds own 56.69% of the company’s stock.

About American Airlines Group (Get Rating)

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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