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

BAE Systems (OTCMKTS:BAESY) was upgraded by analysts at Bank of America from an “underperform” rating to a “buy” rating in a report released on Tuesday,Briefing.com Automated Import reports.

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

BAE Systems Stock Down 0.6%

Shares of BAESY opened at $104.92 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. BAE Systems has a twelve month low of $56.19 and a twelve month high of $109.82. The company has a 50 day moving average of $94.24 and a 200-day moving average of $76.56.

Institutional Trading of BAE Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in BAE Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after buying an additional 897 shares during the period. RNC Capital Management LLC increased its holdings in shares of BAE Systems by 2.1% during the 1st quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock worth $683,000 after acquiring an additional 168 shares during the last quarter. Corient IA LLC bought a new stake in BAE Systems in the 1st quarter valued at $805,000. Atlas Capital Advisors Inc. lifted its holdings in BAE Systems by 116.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company’s stock valued at $156,000 after purchasing an additional 1,024 shares during the last quarter. Finally, L & S Advisors Inc bought a new position in BAE Systems during the first quarter worth $1,078,000. 0.21% of the stock is owned by institutional investors.

About BAE Systems

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.