DZ Bank Downgrades Safran (OTCMKTS:SAFRY) to Hold

Safran (OTCMKTS:SAFRY) was downgraded by research analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other brokerages also recently issued reports on SAFRY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating on shares of Safran in a report on Friday, July 10th. BNP Paribas Exane started coverage on shares of Safran in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Citigroup restated a “neutral” rating on shares of Safran in a report on Monday, July 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Safran presently has an average rating of “Moderate Buy”.

Safran Stock Up 0.9%

OTCMKTS SAFRY opened at $103.03 on Thursday. Safran has a one year low of $76.86 and a one year high of $106.71. The stock has a 50-day moving average of $94.46 and a 200 day moving average of $90.53. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18.

About Safran

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.