Zacks Investment Research Upgrades Air France-KLM (OTCMKTS:AFLYY) to Buy

Zacks Investment Research upgraded shares of Air France-KLM (OTCMKTS:AFLYYGet Rating) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. They currently have $4.50 target price on the transportation company’s stock.

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. “

Other equities analysts have also issued research reports about the company. Citigroup boosted their price objective on Air France-KLM from €4.20 ($4.42) to €4.40 ($4.63) in a research note on Tuesday, April 26th. Barclays dropped their target price on Air France-KLM from €4.60 ($4.84) to €4.00 ($4.21) and set an equal weight rating for the company in a research report on Friday, April 22nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $4.35.

Air France-KLM stock opened at $3.99 on Tuesday. The business’s fifty day moving average is $4.30 and its two-hundred day moving average is $4.49. Air France-KLM has a 52 week low of $3.42 and a 52 week high of $6.07.

Air France-KLM (OTCMKTS:AFLYYGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The transportation company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.73. The business had revenue of $5.53 billion during the quarter. Research analysts anticipate that Air France-KLM will post -1.61 earnings per share for the current year.

About Air France-KLM (Get Rating)

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services on scheduled flights in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers airframe and engine maintenance services; component support services comprising electronic, mechanical, pneumatic, hydraulic, etc.; and other services, as well as operates point-to-point flights to/from the Netherlands and France.

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Analyst Recommendations for Air France-KLM (OTCMKTS:AFLYY)

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