Zacks Investment Research downgraded American Airlines Group Inc (NASDAQ:AAL) to Strong Sell in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded American Airlines Group Inc (NASDAQ:AAL) to Strong Sell in a report released on 10/12/2016.
Yesterday American Airlines Group Inc (NASDAQ:AAL) traded -1.12% lower at $38.22. The company’s 50-day moving average is $36.78 and its 200-day moving average is $34.93. The last closing price is up 8.15% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,249,896 shares of AAL traded, down from an avg. volume of 8,651,620
With a market capitalization of $0, American Airlines Group Inc has 52 week low of $24.85 and a 52 week high of $47.09 with a P/E ratio of 3.57 .
Also covering American Airlines Group Inc's stock price target, a total of 14 brokers have issued a report on the company. The average stock price target is $43.25 with 3 firms rating the company a strong buy, eight equity analysts rating the company a buy, three brokerages rating the company a hold, one analyst rating the company a underperform, and finally 0 equity analysts rating the company a sell.
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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