Safran (OTCMKTS:SAFRY) Rating Lowered to Equal Weight at Morgan Stanley

Safran (OTCMKTS:SAFRY) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, Marketbeat Ratings reports.

Safran Stock Performance

Shares of OTCMKTS:SAFRY opened at $58.30 on Thursday. Safran has a 1-year low of $45.57 and a 1-year high of $60.57. The firm’s 50 day simple moving average is $56.33 and its two-hundred day simple moving average is $55.85. The company has a quick ratio of 0.61, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

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.