Citigroup Downgrades Air France-KLM (OTCMKTS:AFLYY) to Hold

Citigroup lowered shares of Air France-KLM (OTCMKTS:AFLYY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on AFLYY. BNP Paribas upgraded Air France-KLM from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 19th. Morgan Stanley cut Air France-KLM from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, November 5th. Finally, Barclays upgraded Air France-KLM to a “hold” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Air France-KLM Trading Down 5.4 %

Air France-KLM stock opened at $0.74 on Wednesday. Air France-KLM has a 12 month low of $0.73 and a 12 month high of $1.45. The stock’s 50 day moving average is $0.83 and its 200-day moving average is $0.87. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 1.89 and a beta of 1.62.

About Air France-KLM

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.