Zacks Investment Research downgraded shares of Air France KLM (OTCMKTS:AFLYY) from a buy rating to a hold rating in a report released on Wednesday morning.
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 equities analysts have also recently issued reports on the stock. ValuEngine raised shares of Air France KLM from a buy rating to a strong-buy rating in a research note on Friday, October 20th. JPMorgan Chase & Co. raised shares of Air France KLM from an underweight rating to a hold rating in a research note on Monday, November 20th. Finally, Deutsche Bank raised shares of Air France KLM from a sell rating to a hold rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Air France KLM currently has a consensus rating of Buy and a consensus price target of $18.00.
Air France KLM (OTCMKTS:AFLYY) opened at $16.13 on Wednesday. The stock has a market cap of $6,866.72, a P/E ratio of 13.58, a PEG ratio of 0.29 and a beta of 0.52. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.24. Air France KLM has a 52 week low of $5.15 and a 52 week high of $17.28.
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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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