Safran (OTCMKTS:SAFRY) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Safran (OTCMKTS:SAFRY) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks reports.

Several other research firms have also issued reports on SAFRY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a report on Wednesday, July 29th. Citigroup reissued a “neutral” rating on shares of Safran in a research report on Wednesday. DZ Bank upgraded Safran from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Safran has an average rating of “Moderate Buy”.

Safran Stock Performance

OTCMKTS SAFRY opened at $76.63 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average price of $91.41 and a 200 day moving average price of $91.33. Safran has a 52 week low of $75.22 and a 52 week high of $106.71.

Safran Company Profile

Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.

Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.