Air France-KLM (OTCMKTS:AFLYY) Upgraded at Zacks Investment Research

Air France-KLM (OTCMKTS:AFLYYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

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. “

Several other research firms have also recently weighed in on AFLYY. Barclays boosted their price objective on Air France-KLM from €4.40 ($4.73) to €4.60 ($4.95) in a research report on Tuesday, March 1st. Citigroup raised Air France-KLM from a “sell” rating to a “neutral” rating in a research report on Monday, January 3rd. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.53.

Air France-KLM stock traded down $0.01 during trading on Thursday, hitting $4.41. 4,743 shares of the company were exchanged, compared to its average volume of 36,690. The business’s 50 day moving average is $4.40 and its 200 day moving average is $4.56. 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 announced its quarterly earnings results on Thursday, February 17th. The transportation company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.84) by $0.73. The company had revenue of $5.53 billion for the quarter. On average, analysts predict that Air France-KLM will post -1.94 EPS for the current year.

Air France-KLM Company Profile (Get Rating)

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, and other air-transport-related services.

Further Reading

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

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