Saab (OTCMKTS:SAABY) Stock Rating Lowered by Citigroup

Saab (OTCMKTS:SAABY) was downgraded by stock analysts at Citigroup from a “strong-buy” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Separately, UBS Group upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 24th.

Saab Price Performance

Shares of SAABY opened at $25.97 on Tuesday. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 64.12 and a beta of -0.03. The company has a 50-day moving average of $24.00. Saab has a fifty-two week low of $9.68 and a fifty-two week high of $26.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 0.84.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $1.48 billion for the quarter. Saab had a net margin of 7.14% and a return on equity of 12.81%.

About Saab

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.