Air France-KLM (OTCMKTS:AFLYY) Now Covered by HSBC

HSBC began coverage on shares of Air France-KLM (OTCMKTS:AFLYYGet Rating) in a research report released on Monday, The Fly reports. The firm issued a hold rating on the transportation company’s stock.

AFLYY has been the subject of several other reports. Morgan Stanley dropped their target price on Air France-KLM from €2.02 ($2.13) to €1.70 ($1.79) in a research report on Tuesday, May 31st. UBS Group lowered their price objective on Air France-KLM from €2.10 ($2.21) to €1.90 ($2.00) and set a neutral rating for the company in a research report on Tuesday, June 7th. Barclays lowered their price objective 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. Citigroup raised their price objective on Air France-KLM from €4.20 ($4.42) to €4.40 ($4.63) in a research report on Tuesday, April 26th. Finally, Berenberg Bank lowered their price objective on Air France-KLM from €3.10 ($3.26) to €1.10 ($1.16) and set a sell rating for the company in a research report on Tuesday, June 7th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $2.93.

Shares of AFLYY stock opened at $3.07 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.86 and a current ratio of 0.90. Air France-KLM has a twelve month low of $2.74 and a twelve month high of $5.56. The business has a fifty day simple moving average of $3.82 and a 200 day simple moving average of $4.25.

Air France-KLM (OTCMKTS:AFLYYGet Rating) last posted its earnings results on Thursday, May 5th. The transportation company reported ($1.05) EPS for the quarter, beating the consensus estimate of ($1.26) by $0.21. The firm had revenue of $4.99 billion during the quarter. On average, equities research analysts expect that Air France-KLM will post -1.61 EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Tuesday, June 28th. Investors of record on Thursday, June 30th will be paid a dividend of $1.5641 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a yield of 49.65%.

Air France-KLM Company Profile (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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