BAE Systems (OTCMKTS:BAESY) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of BAE Systems (OTCMKTS:BAESY) from an underperform rating to a buy rating in a research report report published on Tuesday, MarketBeat reports.

A number of other equities research analysts also recently issued reports on BAESY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BAE Systems in a research report on Monday, April 28th. Berenberg Bank downgraded shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th.

BAE Systems Stock Performance

Shares of BAE Systems stock opened at $100.32 on Tuesday. BAE Systems has a 1-year low of $56.19 and a 1-year high of $109.82. The company’s fifty day simple moving average is $94.54 and its 200-day simple moving average is $76.73. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72.

Institutional Investors Weigh In On BAE Systems

A number of hedge funds have recently modified their holdings of BAESY. Rhumbline Advisers boosted its holdings in BAE Systems by 19.6% in the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock worth $451,000 after buying an additional 897 shares during the period. RNC Capital Management LLC boosted its holdings in BAE Systems by 2.1% in the 1st quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock worth $683,000 after buying an additional 168 shares during the period. Corient IA LLC bought a new position in BAE Systems in the 1st quarter worth $805,000. Atlas Capital Advisors Inc. boosted its holdings in BAE Systems by 116.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock worth $156,000 after buying an additional 1,024 shares during the period. Finally, L & S Advisors Inc bought a new position in BAE Systems in the 1st quarter worth $1,078,000. Institutional investors own 0.21% of the company’s stock.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.