Air France KLM SA (AFLYY) Upgraded to “Hold” by Zacks Investment Research
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 analysts have also issued reports on the company. Macquarie raised Air France KLM SA from an underperform rating to a neutral rating in a research report on Friday, September 23rd. Bank of America Corp. reaffirmed a buy rating on shares of Air France KLM SA in a research report on Friday, September 16th. Deutsche Bank AG lowered Air France KLM SA from a hold rating to a sell rating in a research report on Wednesday, September 7th. Finally, Societe Generale lowered Air France KLM SA from a hold rating to a sell rating in a research report on Monday, July 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $7.50.
Shares of Air France KLM SA (NASDAQ:AFLYY) traded up 2.82% during midday trading on Tuesday, hitting $5.47. The company had a trading volume of 11,910 shares. Air France KLM SA has a one year low of $5.24 and a one year high of $9.92. The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of 2.37. The stock’s 50-day moving average price is $5.57 and its 200-day moving average price is $7.29.
About Air France KLM SA
Air France KLM-SA is an airline company. The Company is engaged in passenger transportation. Its activities also include cargo, aeronautics maintenance and other air-transport-related activities, including catering. The Company’s two sub-groups Air France and KLM have a flyer program, Flying Blue, which enables members to acquire miles as they fly with airline partners or from transactions with non-airline partners.
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