Safran (OTCMKTS:SAFRY) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Safran (OTCMKTS:SAFRY) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on SAFRY. The Goldman Sachs Group started coverage on Safran in a research report on Friday, September 19th. They issued a “buy” rating for the company. Barclays reissued an “overweight” rating on shares of Safran in a research report on Wednesday, June 25th. Sanford C. Bernstein raised shares of Safran from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Finally, Citigroup cut Safran from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Safran Stock Performance

OTCMKTS SAFRY opened at $89.11 on Tuesday. The stock has a 50-day moving average of $84.04 and a 200 day moving average of $75.74. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.20. Safran has a twelve month low of $53.38 and a twelve month high of $89.49.

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.