Air France-KLM (OTCMKTS:AFLYY) Cut to “Hold” at Zacks Research

Air France-KLM (OTCMKTS:AFLYY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Royal Bank Of Canada started coverage on Air France-KLM in a research report on Tuesday, January 20th. They issued a “hold” rating on the stock. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Finally, Oddo Bhf raised Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Air France-KLM Trading Up 5.1%

Shares of AFLYY opened at $1.22 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39. The firm has a market capitalization of $3.19 billion, a P/E ratio of 1.84, a price-to-earnings-growth ratio of 0.15 and a beta of 1.36. The stock’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $1.25. Air France-KLM has a twelve month low of $0.80 and a twelve month high of $1.76.

Air France-KLM (OTCMKTS:AFLYY) last issued its earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.19. The business had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.43 billion. Air France-KLM had a return on equity of 100.70% and a net margin of 5.00%. On average, equities research analysts forecast that Air France-KLM will post 0.21 earnings per share for the current year.

Air France-KLM Company Profile

Air France-KLM is a leading European airline group formed in 2004 through the merger of France’s flagship carrier Air France and the Netherlands’ national airline KLM Royal Dutch Airlines. Headquartered in Paris and Amstelveen, the group provides passenger, cargo and maintenance services across a global network, connecting major hubs in Europe, North America, Asia, Africa and Latin America.

The company’s primary business activities include scheduled passenger transport on short, medium and long-haul routes; air freight operations under Air France-KLM Cargo; and technical support and maintenance services through AFI KLM E&M.