Raymond James downgraded American Airlines Group (NASDAQ:AAL) from Outperform to Market Perform in a report released today.
- Updated: September 25, 2016
Raymond James has downgraded American Airlines Group (NASDAQ:AAL) from Outperform to Market Perform in a statement released on Wednesday September 21, 2016.
On 9/13/2016, Vetr Inc. released a statement on American Airlines Group (NASDAQ:AAL) upped the target price from $0.00 to $38.72 that suggested an upside of 0.01%.
Having a price of $35.15, American Airlines Group (NASDAQ:AAL) traded 0.85% higher on the day. With the last close down 0.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. American Airlines Group has recorded a 50-day average of $36.22 and a two hundred day average of $35.41. Volume of trade was down over the average, with 4,603,182 shares of AAL changing hands under the typical 10,387,900
With a total market value of $0, American Airlines Group 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 analysts have released a research note on American Airlines Group. Three analysts rating the company a strong buy, eight analysts rating the company a buy, three analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $43.25.
More About American Airlines Group (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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