Air France KLM SA (AFLYY) Downgraded by Zacks Investment Research
Air France KLM SA (NASDAQ:AFLYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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 equities analysts have also issued reports on the company. Societe Generale lowered Air France KLM SA from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Deutsche Bank AG lowered Air France KLM SA from a “hold” rating to a “sell” rating in a research report on Wednesday, September 7th. Bank of America Corp. restated a “buy” rating on shares of Air France KLM SA in a research report on Friday, September 16th. Finally, Macquarie upgraded Air France KLM SA from an “underperform” rating to a “neutral” rating in a research report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.50.
Shares of Air France KLM SA (NASDAQ:AFLYY) traded down 0.5543% during trading on Tuesday, reaching $5.3104. 7,123 shares of the company traded hands. Air France KLM SA has a 12 month low of $5.24 and a 12 month high of $9.92. The stock has a market cap of $1.56 billion and a P/E ratio of 2.2909. The stock’s 50 day moving average price is $5.51 and its 200-day moving average price is $7.13.
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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