Corporacion America Airports (CAAP) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Corporacion America Airports (NYSE:CAAP) from a sell rating to a hold rating in a research note released on Thursday morning, Zacks.com reports.

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, Goldman Sachs Group reiterated a buy rating on shares of Corporacion America Airports in a research note on Thursday, January 24th.

Shares of Corporacion America Airports stock traded down $0.01 on Thursday, reaching $7.93. 2,645 shares of the company were exchanged, compared to its average volume of 108,291. Corporacion America Airports has a one year low of $5.70 and a one year high of $12.22. The stock has a market cap of $1.28 billion, a P/E ratio of 198.50 and a beta of 1.90. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.84.

Corporacion America Airports (NYSE:CAAP) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Corporacion America Airports had a return on equity of 2.38% and a net margin of 1.91%. The company had revenue of $371.00 million for the quarter. On average, sell-side analysts expect that Corporacion America Airports will post -0.65 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc bought a new stake in Corporacion America Airports in the 3rd quarter valued at $64,000. BlueCrest Capital Management Ltd bought a new stake in Corporacion America Airports in the 1st quarter valued at $126,000. Renaissance Technologies LLC bought a new stake in Corporacion America Airports in the 3rd quarter valued at $587,000. Millennium Management LLC raised its stake in Corporacion America Airports by 19.1% in the 4th quarter. Millennium Management LLC now owns 101,212 shares of the company’s stock valued at $671,000 after acquiring an additional 16,244 shares during the period. Finally, FMR LLC raised its stake in Corporacion America Airports by 13.9% in the 4th quarter. FMR LLC now owns 102,580 shares of the company’s stock valued at $680,000 after acquiring an additional 12,500 shares during the period. Institutional investors own 11.76% 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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