The following ratings changes were generated on Friday, Nov. 14
We've upgraded Alaska Air Group(ALK Quote) from sell to hold. Strengths include its revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. Weaknesses include deteriorating net income, poor profit margins and disappointing return on equity.
Revenue increased by 3.4% since the same quarter one year ago. Alaska Air's current debt-to-equity ratio of 1.7 is below the industry average, suggesting that this level of debt is acceptable within the airlines industry. The gross profit margin of 1.1% is extremely low, having decreased significantly from the same period last year. The 8.5% net profit margin trails the industry average. ...
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