Grupo Aeromexico (NYSE:AERO) Upgraded at Wall Street Zen

Grupo Aeromexico (NYSE:AERO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also commented on AERO. The Goldman Sachs Group started coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $35.00 price objective on the stock. Itau BBA Securities assumed coverage on shares of Grupo Aeromexico in a report on Sunday, November 30th. They issued an “outperform” rating on the stock. Zacks Research raised shares of Grupo Aeromexico to a “hold” rating in a research report on Thursday, December 18th. Morgan Stanley began coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Barclays boosted their price objective on Grupo Aeromexico from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.83.

Grupo Aeromexico Trading Up 2.5%

Grupo Aeromexico stock opened at $21.03 on Friday. The business has a 50 day moving average of $20.49. Grupo Aeromexico has a one year low of $16.00 and a one year high of $23.05.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AERO. Strategic Value Partners LLC acquired a new position in shares of Grupo Aeromexico during the fourth quarter valued at about $208,318,000. Seven Grand Managers LLC bought a new position in Grupo Aeromexico in the 4th quarter valued at about $3,294,000. Zweig DiMenna Associates LLC acquired a new position in Grupo Aeromexico during the 4th quarter valued at about $1,976,000. Norges Bank bought a new stake in Grupo Aeromexico during the 4th quarter worth approximately $8,784,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Grupo Aeromexico in the fourth quarter worth approximately $3,968,000.

Grupo Aeromexico Company Profile

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.