Wells Fargo & Company Upgrades Safran (OTCMKTS:SAFRY) to “Strong-Buy”

Safran (OTCMKTS:SAFRY) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Zacks Research lowered shares of Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Safran presently has an average rating of “Buy”.

Safran Stock Up 2.2%

SAFRY stock opened at $83.83 on Tuesday. The company’s 50 day moving average price is $91.30 and its 200 day moving average price is $89.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93. Safran has a fifty-two week low of $54.57 and a fifty-two week high of $106.71.

Safran Company Profile

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.