Barclays Cuts Air France-KLM (OTCMKTS:AFLYY) Price Target to €4.00

Air France-KLM (OTCMKTS:AFLYYGet Rating) had its price objective reduced by analysts at Barclays from €4.60 ($4.95) to €4.00 ($4.30) in a note issued to investors on Friday, The Fly reports. The firm presently has an “equal weight” rating on the transportation company’s stock.

AFLYY has been the topic of a number of other reports. Zacks Investment Research raised Air France-KLM from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup raised Air France-KLM from a “sell” rating to a “neutral” rating in a research note on Monday, January 3rd. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Air France-KLM has an average rating of “Hold” and an average target price of $4.33.

AFLYY stock traded up $0.03 during midday trading on Friday, hitting $4.44. The stock had a trading volume of 33,486 shares, compared to its average volume of 36,647. The business has a 50-day moving average of $4.39 and a two-hundred day moving average of $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 released its earnings results 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 company had revenue of $5.53 billion during the quarter. Equities research analysts expect that Air France-KLM will post -1.94 earnings per share for the current fiscal 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.

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