Zacks: Brokerages Set $8.40 Price Target for Air France KLM SA (AFLYY)
Air France KLM SA (NASDAQ:AFLYY) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. Air France KLM SA’s rating score has improved by 70% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price target of $8.40 for the company, according to Zacks. Zacks has also assigned Air France KLM SA an industry rank of 227 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on AFLYY. Zacks Investment Research cut Air France KLM SA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 2nd. Societe Generale cut Air France KLM SA from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Macquarie upgraded Air France KLM SA from an “underperform” rating to a “neutral” rating in a report on Friday, September 23rd. Deutsche Bank AG cut Air France KLM SA from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Finally, Bank of America Corp. restated a “buy” rating on shares of Air France KLM SA in a report on Friday, September 16th.
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Shares of Air France KLM SA (NASDAQ:AFLYY) traded up 1.82% during trading on Tuesday, hitting $5.60. 23,828 shares of the stock were exchanged. Air France KLM SA has a one year low of $5.24 and a one year high of $9.92. The company has a market cap of $1.64 billion and a price-to-earnings ratio of 2.43. The stock’s 50 day moving average price is $5.46 and its 200-day moving average price is $6.89.
Air France KLM SA Company Profile
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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