American Airlines Group Inc (AAL) is Downgraded by BofA/Merrill to Underperform

American Airlines Group Inc (AAL) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on American Airlines Group Inc. American Airlines Group Inc was Upgraded by Morgan Stanley to ” Overweight” on Apr 28, 2016. 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 .

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 opened for trading at $30.65 and hit $31.1 on the upside on Wednesday, eventually ending the session at $30.49, with a gain of 0.43% or 0.13 points. The heightened volatility saw the trading volume jump to 81,52,256 shares. Company has a market cap of $17,628 M.

In a different news, on Jun 13, 2016, Richard P Schifter (director) purchased 3,000 shares at $32.13 per share price. According to the SEC, 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.

American Airlines Group Inc

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