Air France-KLM (AFLYY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Air France-KLM (OTCMKTS:AFLYY) from a buy rating to a hold rating in a research report released 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. “

AFLYY has been the subject of several other research reports. Royal Bank of Canada lowered shares of Air France-KLM from an outperform rating to a sector perform rating in a research report on Thursday, February 14th. Macquarie initiated coverage on shares of Air France-KLM in a research report on Tuesday, November 27th. They issued a neutral rating for the company. Morgan Stanley raised shares of Air France-KLM from an equal weight rating to an overweight rating in a research report on Tuesday, January 22nd. UBS Group reissued a neutral rating on shares of Air France-KLM in a research report on Monday, January 21st. Finally, ValuEngine raised shares of Air France-KLM from a hold rating to a buy rating in a research report on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Air France-KLM has a consensus rating of Hold and a consensus price target of $12.00.

Shares of AFLYY opened at $12.04 on Wednesday. Air France-KLM has a 52 week low of $7.78 and a 52 week high of $14.95. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market cap of $5.16 billion, a PE ratio of 11.36 and a beta of 0.73.

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