Air France KLM (AFLYY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Air France KLM (OTCMKTS:AFLYY) from a hold rating to a buy rating in a research report released on Thursday, January 4th. The brokerage currently has $19.00 price target on the transportation company’s stock.

According to Zacks, “AIR FRANCE-KLM is an airline company. The Company’s core business is passenger transport, cargo transport, and aircraft maintenance services. The Group is the world leader in terms of international passenger traffic; and its cargo activity (not including integrators) and is one of the world’s major maintenance service providers. The Group structure is simple: a holding company with two airline subsidiaries. Air France-KLM has established a set of clearly defined commitments to ensure that its strategy of profitable growth goes hand in hand with environmental quality and social progress. “

Several other analysts have also commented on the company. ValuEngine raised Air France KLM from a buy rating to a strong-buy rating in a report on Friday, October 20th. Deutsche Bank upgraded Air France KLM from a sell rating to a hold rating in a research report on Friday, December 1st. JPMorgan Chase & Co. upgraded Air France KLM from an underweight rating to a hold rating in a research report on Monday, November 20th. Finally, UBS Group restated a buy rating on shares of Air France KLM in a research report on Monday, September 11th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Air France KLM currently has an average rating of Buy and a consensus target price of $19.00.

Shares of Air France KLM (OTCMKTS:AFLYY) traded down $0.36 during midday trading on Thursday, hitting $15.95. The company had a trading volume of 8,650 shares, compared to its average volume of 21,262. Air France KLM has a 1 year low of $5.15 and a 1 year high of $17.28. The stock has a market cap of $7,040.00, a PE ratio of 6.56, a P/E/G ratio of 0.31 and a beta of 0.53. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.24.

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About Air France KLM

Air France KLM-SA is an airline company. The Company is engaged in passenger transportation. Its activities also include cargo, aeronautics maintenance and other air-transport-related activities, including catering. The Company’s two sub-groups Air France and KLM have a flyer program, Flying Blue, which enables members to acquire miles as they fly with airline partners or from transactions with non-airline partners.

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Analyst Recommendations for Air France KLM (OTCMKTS:AFLYY)

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