Air France-KLM (AFLYY) Stock Rating Lowered by Zacks Investment Research

Air France-KLM (OTCMKTS:AFLYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Other equities research analysts also recently issued reports about the company. ValuEngine raised Air France-KLM from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. UBS Group reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Monday, January 21st. Morgan Stanley raised Air France-KLM from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 22nd. Macquarie began coverage on Air France-KLM in a research report on Tuesday, November 27th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Wednesday, February 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

OTCMKTS AFLYY opened at $12.12 on Wednesday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.72 and a current ratio of 0.78. Air France-KLM has a 1 year low of $7.78 and a 1 year high of $14.95. The firm has a market capitalization of $5.19 billion, a P/E ratio of 11.43 and a beta of 0.73.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Wednesday, February 20th. The transportation company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.36). Air France-KLM had a net margin of 1.49% and a return on equity of 13.85%. The firm had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.49 billion. On average, analysts expect that Air France-KLM will post 2.04 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger transportation services on scheduled flights. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers cargo transportation and aeronautics maintenance services; and other air-transport-related services.

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