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

Zacks Research lowered shares of Air France-KLM (OTCMKTS:AFLYY) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Several other research analysts have also weighed in on AFLYY. Royal Bank Of Canada initiated coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating on the stock. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Finally, Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Air France-KLM Stock Performance

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’s 50-day moving average is $1.21 and its two-hundred day moving average is $1.25. Air France-KLM has a twelve month low of $0.80 and a twelve month high of $1.76. The firm has a market capitalization of $3.19 billion, a P/E ratio of 1.84, a PEG ratio of 0.15 and a beta of 1.36.

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. Air France-KLM had a net margin of 5.00% and a return on equity of 100.70%. The company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.43 billion. On average, research analysts predict that Air France-KLM will post 0.21 earnings per share for the current fiscal year.

About Air France-KLM

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.