Safran (OTCMKTS:SAFRY) Rating Increased to Moderate Buy at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Safran (OTCMKTS:SAFRY) to a moderate buy rating in a research report sent to investors on Wednesday, Zacks.com reports.

Separately, Citigroup raised shares of Safran from a neutral rating to a buy rating in a report on Thursday, June 27th.

Safran Stock Up 0.4 %

Shares of SAFRY stock opened at $56.29 on Wednesday. The company has a 50-day simple moving average of $54.18 and a 200 day simple moving average of $55.02. Safran has a 52 week low of $37.54 and a 52 week high of $59.30.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.