SAFRAN/ADR (OTCMKTS:SAFRY) Stock Passes Above 50 Day Moving Average of $37.93

SAFRAN/ADR (OTCMKTS:SAFRY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $37.93 and traded as high as $38.71. SAFRAN/ADR shares last traded at $38.58, with a volume of 21,585 shares traded.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded SAFRAN/ADR from a “neutral” rating to an “overweight” rating in a research report on Thursday, September 5th. Goldman Sachs Group lowered SAFRAN/ADR from a “buy” rating to a “neutral” rating in a research report on Friday, July 5th. Finally, ValuEngine lowered SAFRAN/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold”.

The company has a 50-day simple moving average of $38.07 and a 200 day simple moving average of $35.95.

SAFRAN/ADR Company Profile (OTCMKTS:SAFRY)

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion, Aircraft Equipment, and Defense. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters, and tactical missiles and drones.

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