Corporacion America Airports (CAAP) Upgraded to Hold by Zacks Investment Research
Corporacion America Airports (NYSE:CAAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Corporacion America Airports SA is a focused on acquiring, developing and operating airport concessions. The Company is a private sector airport operator. It operates primarily in Latin America, Europe and Eurasia. Corporacion America Airports SA is based in Luxembourg. “
Separately, Bank of America cut their price objective on Corporacion America Airports from $23.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, September 10th.
Corporacion America Airports (NYSE:CAAP) last released its quarterly earnings results on Tuesday, August 21st. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.27). The firm had revenue of $397.10 million during the quarter, compared to analyst estimates of $373.10 million. As a group, equities research analysts anticipate that Corporacion America Airports will post 0.31 EPS for the current year.
Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in Corporacion America Airports in the second quarter worth $190,000. Malaga Cove Capital LLC purchased a new position in Corporacion America Airports in the second quarter worth $224,000. Standard Life Aberdeen plc purchased a new position in Corporacion America Airports in the second quarter worth $481,000. FMR LLC raised its position in Corporacion America Airports by 218.4% in the second quarter. FMR LLC now owns 62,080 shares of the company’s stock worth $524,000 after acquiring an additional 42,580 shares in the last quarter. Finally, Global X Management Co LLC purchased a new position in Corporacion America Airports in the second quarter worth $942,000. Hedge funds and other institutional investors own 13.34% of the company’s stock.
About Corporacion America Airports
Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.
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