Safran (OTCMKTS:SAFRY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Safran (OTCMKTS:SAFRY) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on SAFRY. Citigroup cut shares of Safran from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Kepler Capital Markets raised shares of Safran from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research note on Thursday, May 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of Safran in a research note on Wednesday, June 25th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Safran Price Performance

Shares of SAFRY opened at $84.70 on Thursday. Safran has a one year low of $52.9250 and a one year high of $85.77. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.59 and a current ratio of 0.84. The firm has a 50 day simple moving average of $81.20 and a two-hundred day simple moving average of $72.07.

Safran Company Profile

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.