Berenberg Bank Reiterates Buy Rating for Fraport (OTCMKTS:FPRUY)

Fraport (OTCMKTS:FPRUY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report issued on Thursday, The Fly reports.

FPRUY has been the subject of a number of other research reports. UBS Group reissued a “neutral” rating on shares of Fraport in a report on Friday, March 19th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Fraport in a research note on Thursday, December 17th. Barclays reiterated an “underweight” rating on shares of Fraport in a research note on Wednesday, March 17th. Nord/LB lowered Fraport from a “hold” rating to a “sell” rating in a research report on Thursday, December 17th. Finally, Redburn Partners cut Fraport from a “buy” rating to a “neutral” rating in a report on Friday, March 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.

Shares of OTCMKTS FPRUY traded up $1.84 during trading hours on Thursday, reaching $32.34. 259 shares of the stock were exchanged, compared to its average volume of 555. The stock’s fifty day simple moving average is $30.81 and its 200 day simple moving average is $27.00. Fraport has a 52 week low of $17.88 and a 52 week high of $33.17.

About Fraport

Fraport AG operates airports in Germany, rest of Europe, Asia, and the United States. The company primarily focuses on the operation of Frankfurt Main airport. It operates in four segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services. The Aviation segment operates landside and airside infrastructure, which covers the area of airport charges.

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The Fly

Analyst Recommendations for Fraport (OTCMKTS:FPRUY)

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