Grupo Aeromexico (NYSE:AERO) Given Average Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Grupo Aeromexico (NYSE:AERO – Get Free Report) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $30.00.

A number of research analysts recently weighed in on the company. Wall Street Zen raised Grupo Aeromexico to a “hold” rating in a research report on Saturday, November 15th. Deutsche Bank Aktiengesellschaft assumed coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued a “buy” rating and a $25.00 price target for the company. Barclays assumed coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They set an “overweight” rating and a $27.00 price objective on the stock. Zacks Research upgraded shares of Grupo Aeromexico to a “hold” rating in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group assumed coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued a “buy” rating and a $35.00 target price on the stock.

View Our Latest Report on AERO

Grupo Aeromexico Stock Up 2.1%

AERO stock opened at $20.27 on Friday. The firm’s 50 day simple moving average is $19.59. Grupo Aeromexico has a 52-week low of $16.00 and a 52-week high of $23.05.

Grupo Aeromexico Company Profile

(Get Free Report)

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.

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