Grupo Aeromexico (NYSE:AERO) Trading 5.8% Higher – What’s Next?

Grupo Aeromexico (NYSE:AERO)’s stock price was up 5.8% on Wednesday . The stock traded as high as $22.13 and last traded at $22.12. Approximately 62,822 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 411,015 shares. The stock had previously closed at $20.91.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AERO shares. Zacks Research upgraded shares of Grupo Aeromexico to a “hold” rating in a research report on Thursday, December 18th. Evercore ISI initiated coverage on shares of Grupo Aeromexico in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $36.00 price target for the company. Wall Street Zen upgraded shares of Grupo Aeromexico to a “hold” rating in a research report on Saturday, November 15th. Morgan Stanley began coverage on shares of Grupo Aeromexico in a research report on Wednesday, December 17th. They issued an “overweight” rating and a $30.00 target price for the company. Finally, Citigroup initiated coverage on Grupo Aeromexico in a research report on Wednesday, December 17th. They set a “buy” rating and a $27.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Grupo Aeromexico currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Grupo Aeromexico Trading Up 4.5%

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.