American Airlines Group Inc (AAL) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on American Airlines Group Inc. Shares were Reiterated by Cowen on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 46 from a previous price target of $48 .Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 46 from a previous price target of $55 .American Airlines Group Inc was Upgraded by Raymond James to ” Outperform” on Mar 24, 2016.
On the company’s financial health, American Airlines Group Inc reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.19. The company had revenue of $9435.00 million for the quarter, compared to analysts expectations of $9440.62 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.73 EPS.
American Airlines Group Inc closed down -0.21 points or -0.57% at $36.71 with 1,23,05,033 shares getting traded on Wednesday. Post opening the session at $36.79, the shares hit an intraday low of $36.52 and an intraday high of $37.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 18, 2016, J Scott Kirby (President) sold 692 shares at $41.30 per share price. According to the SEC, on Apr 4, 2016, W Douglas Parker (Chairman and CEO) sold 4,113 shares at $40.13 per share price. On Mar 14, 2016, Andrew P Nocella (SVP Chief Marketing Officer) sold 684 shares at $42.43 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.