Air France-KLM (OTCMKTS:AFLYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.
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. “
A number of other research analysts also recently commented on AFLYY. Morgan Stanley reissued a “sell” rating on shares of Air France-KLM in a report on Wednesday, May 27th. Societe Generale downgraded Air France-KLM from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Barclays reaffirmed an “equal weight” rating on shares of Air France-KLM in a report on Friday, April 24th. Berenberg Bank reaffirmed a “hold” rating on shares of Air France-KLM in a report on Thursday, June 4th. Finally, Main First Bank downgraded Air France-KLM from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Seven analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Air France-KLM currently has an average rating of “Hold” and an average price target of $12.00.
AFLYY traded up $0.16 on Tuesday, reaching $4.66. The company’s stock had a trading volume of 191,780 shares, compared to its average volume of 249,432. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -1.51 and a beta of 0.91. Air France-KLM has a 1 year low of $3.95 and a 1 year high of $12.26. The company has a debt-to-equity ratio of 53.02, a current ratio of 0.61 and a quick ratio of 0.56. The business’s 50 day moving average is $4.89 and its 200 day moving average is $7.32.
Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, May 7th. The transportation company reported ($3.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($2.60). The business had revenue of $5.54 billion during the quarter. Air France-KLM had a negative net margin of 4.49% and a negative return on equity of 46.17%. As a group, research analysts forecast that Air France-KLM will post -8.54 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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