Safran SA (OTCMKTS:SAFRY) Given Average Recommendation of “Buy” by Brokerages

Shares of Safran SA (OTCMKTS:SAFRY) have earned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages have issued reports on SAFRY. Citigroup downgraded shares of Safran from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a research report on Thursday, May 22nd. Sanford C. Bernstein raised shares of Safran from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Finally, Barclays reaffirmed an “overweight” rating on shares of Safran in a research report on Wednesday, June 25th.

Safran Stock Up 2.2%

Shares of Safran stock opened at $83.99 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.59. The company’s fifty day simple moving average is $82.78 and its two-hundred day simple moving average is $73.83. Safran has a 12-month low of $53.38 and a 12-month high of $85.77.

About Safran

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.