Citigroup Upgrades Safran (OTCMKTS:SAFRY) to “Buy”

Safran (OTCMKTS:SAFRY) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a report released on Thursday, Briefing.com reports.

Safran Trading Down 1.8 %

Shares of SAFRY stock traded down $0.99 during trading hours on Thursday, hitting $52.57. 111,223 shares of the company were exchanged, compared to its average volume of 312,257. The firm has a fifty day simple moving average of $56.05 and a 200 day simple moving average of $51.91. Safran has a 52-week low of $36.42 and a 52-week high of $59.30.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.