Air France-KLM (OTCMKTS:AFLYY) PT Lowered to €1.70 at Morgan Stanley

Air France-KLM (OTCMKTS:AFLYYGet Rating) had its price objective cut by stock analysts at Morgan Stanley from €2.02 ($2.17) to €1.70 ($1.83) in a research note issued on Tuesday, The Fly reports.

AFLYY has been the subject of a number of other reports. Zacks Investment Research upgraded Air France-KLM from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Monday. Citigroup raised their price target on Air France-KLM from €4.20 ($4.52) to €4.40 ($4.73) in a research note on Tuesday, April 26th. Finally, Barclays cut their price target on Air France-KLM from €4.60 ($4.95) to €4.00 ($4.30) and set an “equal weight” rating for the company in a research note on Friday, April 22nd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Air France-KLM presently has a consensus rating of “Hold” and a consensus price target of $3.77.

OTCMKTS AFLYY remained flat at $$3.72 during trading on Tuesday. The company’s stock had a trading volume of 56,600 shares, compared to its average volume of 40,226. Air France-KLM has a 12-month low of $3.42 and a 12-month high of $6.07. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $4.26 and a two-hundred day moving average price of $4.41.

Air France-KLM (OTCMKTS:AFLYYGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The transportation company reported ($1.05) EPS for the quarter, topping analysts’ consensus estimates of ($1.26) by $0.21. The business had revenue of $4.99 billion for the quarter. Research analysts anticipate that Air France-KLM will post -1.61 EPS for the current year.

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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