Saab (OTCMKTS:SAABY) Upgraded by Citigroup to Hold Rating

Saab (OTCMKTS:SAABY) was upgraded by investment analysts at Citigroup from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Saab Trading Up 3.1%

Shares of OTCMKTS SAABY opened at $26.30 on Monday. Saab has a one year low of $22.00 and a one year high of $40.77. The firm has a market capitalization of $28.16 billion, a PE ratio of 33.72 and a beta of -0.14. The company has a current ratio of 1.30, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $32.55 and a two-hundred day moving average price of $32.01.

Saab (OTCMKTS:SAABY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.15 EPS for the quarter. Saab had a return on equity of 15.98% and a net margin of 7.87%.The firm had revenue of $2.10 billion during the quarter.

Saab News Summary

Here are the key news stories impacting Saab this week:

• Neutral Sentiment: Multiple reports say Alex Saab was deported to the United States to face legal proceedings, but the news is about the Venezuelan figure rather than Saab AB. Venezuela Extradites Billionaire Tycoon to the U.S.
• Neutral Sentiment: Coverage also says Venezuela’s government is stepping up cooperation with the U.S., and that the Maduro investigation is deepening, which is unrelated to Saab AB’s business fundamentals. Venezuela says it deported Alex Saab, a key Maduro ally, to face legal proceedings in the U.S.
• Neutral Sentiment: Other articles describe Alex Saab as Maduro’s “bag man” and a businessman tied to fraud allegations, but this does not appear to create a direct catalyst for Saab AB shares. Maduro’s alleged ‘bag man’ Alex Saab arrested less than 3 years after Biden pardon: report

Saab Company Profile

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.