Fraport (ETR:FRA) Rating Cut
Commerzbank AG was downgraded to Reduce and currently has EUR 45.00 target on Fraport (ETR:FRA)’s stock. This was published in analysts report on Friday morning.
Despite this rating downgrade ETR:FRA is right now trading 1.50% higher at EUR 56.96 as of 6:07 PM Frankfurt time. Fraport shares have [From2] 0% over the last 200 days, while the Standard & Poor’s 500 index has added 10.43% over the same time.
Fraport (ETR:FRA) Profile
Fraport AG Frankfurt Airport Services Worldwide is a Germany-based airport services provider and owner and operator of airports. The Company operates through four segments: Aviation, Retail and Real Estate, Ground Handling and External Activities and Services. The Aviation segment provides airside and terminal management, corporate safety and security services and airport security management; the Retail and Real Estate segment offers retail space and properties; the Ground Handling segment offers a broad range of ground services, and the External Activities and Services segment provides global investments and management, integrated facility management, information and telecommunication services and corporate infrastructure management.
Fraport (ETR:FRA) traded up 1.50% on 13 January, hitting EUR 56.96. A total of 183,655 shares of the company’s stock traded hands. This is up from average of 132,269 shares. Fraport has a 52 week low of EUR 44.69 and a 52 week high of EUR 57.09. The company has a market cap of 5.27 billion EUR and a P/E ratio of 20.93.
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The post Frankfurt: Fraport (ETR:FRA) Rating Decreased to Reduce by Analysts at Commerzbank AG with EUR 45.00 Target appeared first on Octafinance.