Bank of America Downgrades American Airlines Group Inc to Underperform

Brokerage firm Bank of America Downgrades its rating on American Airlines Group Inc(NASDAQ:AAL). The shares have been rated Underperform. The rating by Bank of America was issued on Jun 16, 2016.

In a different note, On Apr 28, 2016, Morgan Stanley said it Upgrades its rating on American Airlines Group Inc. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 8, 2016, Deutsche Bank said it Maintains its rating on American Airlines Group Inc. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 1, 2016, Deutsche Bank said it Downgrades its rating on American Airlines Group Inc. The shares have been rated ‘Hold’ by the firm. Stephens & Co. said it Initiates Coverage on American Airlines Group Inc, according to a research note issued on Mar 29, 2016. The shares have been rated ‘Equal-weight’ by the firm. On Mar 24, 2016, Stifel Nicolaus said it Maintains its rating on American Airlines Group Inc. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 24, 2016, Raymond James said it Upgrades its rating on American Airlines Group Inc. The shares have been rated ‘Outperform’ by the firm.

American Airlines Group Inc (AAL) made into the market gainers list on Tuesdays trading session with the shares advancing 1.04% or 0.31 points. Due to strong positive momentum, the stock ended at $30.02, which is also near the day’s high of $30.39. The stock began the session at $30.29 and the volume stood at 89,22,946 shares. The 52-week high of the shares is $47.09 and the 52 week low is $28.85. The company has a current market capitalization of $17,357 M and it has 57,81,71,740 shares in outstanding.

American Airlines Group Inc(AAL) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $9.44B. Analysts had an estimated revenue of $9.44B. Earnings per share were $1.25. Analysts had estimated an EPS of $1.19.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Richard P Schifter (director) purchased 3,000 shares at $32.13 per share price.Also, On May 16, 2016, Jeffrey D Benjamin (director) purchased 35,000 shares at $31.79 per share price.On Apr 18, 2016, J Scott Kirby (President) sold 692 shares at $41.30 per share price, according to the Form-4 filing with the securities and exchange commission.

American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines Inc. (American) US Airways Group Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Group’s principal subsidiary include US Airways Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines Inc. (Piedmont) and PSA Airlines Inc. (PSA). AAG’s primary business activity includes the operation of two network carriers through its principal wholly-owned mainline operating subsidiaries: American and US Airways. The Company’s airlines operate an average of approximately 6700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte Chicago Dallas/Fort Worth (DFW) Los Angeles Miami New York Philadelphia Phoenix and Washington District of Columbia.

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