Grupo Aeromexico (NYSE:AERO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Grupo Aeromexico (NYSE:AERO) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.00.

Several equities research analysts recently commented on AERO shares. Barclays assumed coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $27.00 price target for the company. Evercore ISI began coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set an “outperform” rating and a $36.00 price target on the stock. Wall Street Zen upgraded shares of Grupo Aeromexico to a “hold” rating in a report on Saturday, November 15th. Itau BBA Securities initiated coverage on shares of Grupo Aeromexico in a report on Sunday, November 30th. They issued an “outperform” rating for the company. Finally, Zacks Research upgraded Grupo Aeromexico to a “hold” rating in a report on Thursday, December 18th.

Grupo Aeromexico Trading Down 2.2%

Shares of NYSE AERO opened at $20.58 on Friday. Grupo Aeromexico has a one year low of $16.00 and a one year high of $23.05. The company has a 50-day moving average price of $19.56.

About Grupo Aeromexico

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.