Grupo Aeromexico (NYSE:AERO) Upgraded to Buy at Wall Street Zen

Grupo Aeromexico (NYSE:AERO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research firms have also commented on AERO. Zacks Research upgraded shares of Grupo Aeromexico to a “hold” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft began coverage on Grupo Aeromexico in a report on Wednesday, December 17th. They issued a “buy” rating and a $25.00 target price for the company. Barclays lifted their price target on Grupo Aeromexico from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley assumed coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $30.00 price objective for the company. Finally, Citigroup began coverage on Grupo Aeromexico in a research note on Wednesday, December 17th. They set a “buy” rating and a $27.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.83.

Grupo Aeromexico Price Performance

NYSE AERO opened at $21.03 on Friday. The business has a fifty day moving average price of $20.49. Grupo Aeromexico has a 1 year low of $16.00 and a 1 year high of $23.05.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Grupo Aeromexico in the 4th quarter worth about $301,000. Zimmer Partners LP purchased a new stake in Grupo Aeromexico during the fourth quarter valued at about $23,286,000. VR Advisory Services Ltd bought a new position in Grupo Aeromexico during the fourth quarter worth about $259,000. Readystate Asset Management LP purchased a new position in shares of Grupo Aeromexico in the fourth quarter worth about $3,009,000. Finally, Nut Tree Capital Management LP bought a new stake in shares of Grupo Aeromexico in the fourth quarter valued at approximately $130,652,000.

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.