Bernstein Upgrades American Airlines Group Inc to Market Perform

Brokerage firm Bernstein Upgrades its rating on American Airlines Group Inc(AAL). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Bernstein was issued on Feb 6, 2017.

In a different note, Barclays said it Initiates Coverage On American Airlines Group Inc, according to a research note issued on Dec 15, 2016. In the research note, the firm Announces the price-target to $62 per share. The shares have been rated ‘Equal-Weight’ by the firm.

American Airlines Group Inc (AAL) shares turned negative on Tuesdays trading session with the shares closing down -0.13 points or -0.29% at a volume of 61,19,960. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.13. The peak price level was also seen at $46.13 while the days lowest was $45.01. Finally the shares closed at $45.17. The 52-week high of the shares is $50.64 while the 52-week low is $24.85. According to the latest information available, the market cap of the company is $22,915 M.

American Airlines Group Inc(AAL) last announced its earnings results on Jan 27, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $9.789B. Analysts had an estimated revenue of $9.720B. Earnings per share were $1.48. Analysts had estimated an EPS of $0.9.

Several Insider Transactions has been reported to the SEC. On Jan 12, 2017, W Douglas Parker (Chairman and CEO) sold 4,129 shares at $49.00 per share price.Also, On Dec 19, 2016, Robert D Jr Isom (President) sold 20,000 shares at $48.61 per share price.On Dec 15, 2016, Maya Leibman (EVP Chief Information Officer) sold 9,915 shares at $47.95 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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