American Airlines Group Inc (NASDAQ:AAL) announced Ron DeFeo will join the company as Vice President – Global Communications. In this role, DeFeo will report to Elise Eberwein, Executive Vice President – People and Communications and will oversee media relations, social media, employee communications, creative services, employee engagement and community relations. DeFeo’s appointment fills the role vacated earlier this year due to a retirement.
“Ron will lead a team of energetic and talented communication professionals whose mission is to facilitate a culture of collaboration and sharing of knowledge,” said Eberwein. “Ron possesses an in-depth, demonstrated understanding of servant leadership, and is the perfect leader to further our mission to equip frontline employees with the knowledge and information they need to succeed, as well as facilitate effective two-way communication among all of our key stakeholders. We welcome Ron to American, and look forward to his many contributions.”
DeFeo most recently served as Senior Vice President of Communications for Darden Restaurants where he oversaw internal and external communications. Previously, he led media relations and brand strategies for TheHome Depot, managing social media, reputation and issues management and crisis communications. He also served on the public relations agency side, working four years with Ketchum.
DeFeo holds a bachelor’s degree in communication from DePauw University and a Master of Business Administration from The University of Georgia. He serves on the Board of Advisors for The Plank Center for Leadership in Public Relations, and is a founding member of Page Up, the Arthur W. Page Society’s development organization for senior communications executives. He will relocate to Dallas/Fort Worth with his wife, Courtney, and their two children. (Original Source)
Shares of American Airlines opened today at $39.39 and are currently trading down at $38.95. AAL has a 1-year high of $56.20 and a 1-year low of $28.10. The stock’s 50-day moving average is $41.35 and its 200-day moving average is $45.50.
On the ratings front, American Airlines Group has been the subject of a number of recent research reports. In a report issued on July 30, J.P. Morgan analyst Jamie Baker maintained a Buy rating on AAL, with a price target of $72, which implies an upside of 82.8% from current levels. Separately, on July 27, Barclays’ Isaac Husseini reiterated a Buy rating on the stock and has a price target of $55.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jamie Baker and Isaac Husseini have a total average return of -3.3% and -14.5% respectively. Baker has a success rate of 47.0% and is ranked #3128 out of 3730 analysts, while Husseini has a success rate of 0.0% and is ranked #3113.
The street is mostly Neutral on AAL stock. Out of 4 analysts who cover the stock, 3 suggest a Hold rating and one recommends to Buy the stock. The 12-month average price target assigned to the stock is $70.00, which implies an upside of 77.7% from current levels.
American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.