American Airlines Group Inc (NASDAQ:AAL) has been downgraded to Market Perform in a statement by Raymond James Financial Inc. today.
- Updated: September 24, 2016
Yesterday American Airlines Group Inc (NASDAQ:AAL) traded 0.85% higher at $35.15. The company’s 50-day moving average is $36.22 and its 200-day moving average is $35.41. The last stock close price is down 0.40% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 4,603,182 shares of the stock traded hands, down from an average trading volume of 10,387,900
Raymond James Financial Inc. has downgraded American Airlines Group Inc (NASDAQ:AAL) to Market Perform in a report released on 9/21/2016.
Previously on 9/13/2016, Vetr Inc. reported about American Airlines Group Inc (NASDAQ:AAL) raised the target price from $0.00 to $38.72. At the time, this indicated a possible upside of 0.01%.
With a total market value of $0, American Airlines Group Inc has price-earnings ratio of 3.36 with a one year low of $24.85 and a one year high of $47.09 .
A total of 14 equity analysts have released a ratings update on AAL. Three equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, three equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $43.25.
Brief Synopsis About American Airlines Group Inc (NASDAQ:AAL)
American Airlines Group Inc. (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA). The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C. Together with its regional airline subsidiaries and third-party regional carriers operating as American Eagle, the Company's airline operates an average of approximately 6,700 flights per day to over 350 destinations in approximately 50 countries. The Company operates approximately 940 mainline aircraft and is supported by its regional airline subsidiaries and third-party regional carriers, which operates an additional 587 regional aircraft.
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