Zacks Investment Research Upgrades Air France KLM (AFLYY) to Buy
Air France KLM (OTCMKTS:AFLYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $19.00 target price on the transportation company’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.76% from the company’s previous close.
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 brokerages have also commented on AFLYY. Deutsche Bank raised Air France KLM from a “sell” rating to a “hold” rating in a report on Friday, December 1st. JPMorgan Chase & Co. raised Air France KLM from an “underweight” rating to a “hold” rating in a report on Monday, November 20th. UBS Group reissued a “buy” rating on shares of Air France KLM in a report on Monday, September 11th. Finally, ValuEngine lowered Air France KLM from a “buy” rating to a “hold” rating in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.00.
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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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