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

Wall Street Zen upgraded shares of Grupo Aeromexico (NYSE:AERO) from a hold rating to a buy rating in a research report released on Saturday morning.

AERO has been the subject of several other research reports. 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. The Goldman Sachs Group assumed coverage on shares of Grupo Aeromexico in a report on Wednesday, December 17th. They set a “buy” rating and a $35.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Grupo Aeromexico in a report on Wednesday, December 17th. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings initiated coverage on shares of Grupo Aeromexico in a research report on Tuesday, February 3rd. They set a “hold (c)” rating for the company. Finally, Evercore initiated coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set an “outperform” rating and a $36.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.83.

Grupo Aeromexico Stock Down 10.0%

NYSE:AERO opened at $18.93 on Friday. The business’s 50 day moving average price is $20.48. Grupo Aeromexico has a 1-year low of $16.00 and a 1-year high of $23.05.

Hedge Funds Weigh In On Grupo Aeromexico

A number of large investors have recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in Grupo Aeromexico in the 4th quarter valued at $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico in the fourth quarter valued at $220,000. Quarry LP bought a new position in shares of Grupo Aeromexico in the fourth quarter valued at $232,000. VR Advisory Services Ltd acquired a new position in shares of Grupo Aeromexico during the fourth quarter valued at about $259,000. Finally, HRT Financial LP bought a new stake in shares of Grupo Aeromexico during the fourth quarter worth about $295,000.

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.