Grupo Aeromexico (NYSE:AERO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Grupo Aeromexico (NYSE:AERO) has been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $30.00.

A number of research firms have recently commented on AERO. Wall Street Zen upgraded Grupo Aeromexico to a “hold” rating in a research note on Saturday, November 15th. The Goldman Sachs Group initiated coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued a “buy” rating and a $35.00 price target on the stock. Evercore ISI assumed coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 price objective for the company. Itau BBA Securities started coverage on shares of Grupo Aeromexico in a research note on Sunday, November 30th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They set a “buy” rating and a $25.00 target price for the company.

Grupo Aeromexico Trading Down 2.2%

Shares of AERO opened at $20.58 on Friday. Grupo Aeromexico has a one year low of $16.00 and a one year high of $23.05. The stock has a fifty day moving average price of $19.56.

About Grupo Aeromexico

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.