Air France-KLM (OTCMKTS:AFLYY) Rating Lowered to Underweight at Morgan Stanley

Air France-KLM (OTCMKTS:AFLYY) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Tuesday, MarketBeat.com reports.

A number of other research firms also recently issued reports on AFLYY. Barclays raised shares of Air France-KLM to a “hold” rating in a report on Monday, October 7th. HSBC downgraded shares of Air France-KLM from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Hsbc Global Res raised shares of Air France-KLM to a “hold” rating in a research report on Friday, July 12th. Finally, BNP Paribas upgraded Air France-KLM from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Air France-KLM Stock Down 2.3 %

Shares of OTCMKTS:AFLYY opened at $0.95 on Tuesday. The business’s 50 day moving average is $0.94 and its 200 day moving average is $0.97. Air France-KLM has a 12-month low of $0.77 and a 12-month high of $1.65. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 4.42 and a beta of 1.69.

Air France-KLM Company Profile

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.