Global Crossing Airlines Group (OTCMKTS:JETMF) Upgraded at Zacks Research

Global Crossing Airlines Group (OTCMKTS:JETMF) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Litchfield Hills Research began coverage on Global Crossing Airlines Group in a report on Monday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Global Crossing Airlines Group Stock Performance

Global Crossing Airlines Group stock opened at $0.58 on Thursday. Global Crossing Airlines Group has a fifty-two week low of $0.38 and a fifty-two week high of $0.87. The stock has a market cap of $38.48 million, a PE ratio of -58.00 and a beta of 1.00. The firm’s 50-day simple moving average is $0.73 and its 200 day simple moving average is $0.61.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. The firm had revenue of $76.57 million during the quarter, compared to analysts’ expectations of $60.53 million. As a group, analysts predict that Global Crossing Airlines Group will post 0.29 EPS for the current fiscal year.

Global Crossing Airlines Group Company Profile

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.