Grupo Aeromexico (NYSE:AERO) Upgraded by Zacks Research to “Hold” Rating

Grupo Aeromexico (NYSE:AERO) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group initiated coverage on Grupo Aeromexico in a research note on Wednesday. They issued a “buy” rating and a $35.00 price target for the company. Morgan Stanley initiated coverage on shares of Grupo Aeromexico in a research report on Wednesday. They issued an “overweight” rating and a $30.00 target price for the company. Evercore ISI assumed coverage on shares of Grupo Aeromexico in a report on Wednesday. They set an “outperform” rating and a $36.00 price target on the stock. Itau BBA Securities initiated coverage on shares of Grupo Aeromexico in a research note on Sunday, November 30th. They issued an “outperform” rating for the company. Finally, Barclays started coverage on shares of Grupo Aeromexico in a report on Wednesday. They issued an “overweight” rating and a $27.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Grupo Aeromexico Price Performance

Shares of NYSE AERO opened at $21.27 on Thursday. Grupo Aeromexico has a one year low of $16.00 and a one year high of $22.25.

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.