Zacks Investment Research Downgrades Air France-KLM SA (AFLYY) to Hold
Air France-KLM SA (OTCMKTS:AFLYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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 recently weighed in on AFLYY. ValuEngine cut Air France-KLM SA from a “buy” rating to a “hold” rating in a report on Friday, September 15th. UBS AG reaffirmed a “buy” rating on shares of Air France-KLM SA in a report on Monday, September 11th. J P Morgan Chase & Co reaffirmed a “sell” rating on shares of Air France-KLM SA in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada upgraded Air France-KLM SA from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Air France-KLM SA presently has an average rating of “Hold” and an average price target of $8.25.
Air France-KLM SA (AFLYY) traded up 0.50% during mid-day trading on Tuesday, reaching $15.94. 9,563 shares of the company were exchanged. The company’s 50 day moving average price is $15.48 and its 200-day moving average price is $12.31. Air France-KLM SA has a 12-month low of $5.15 and a 12-month high of $16.57. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 4.71 and a beta of 0.37.
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About Air France-KLM SA
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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