Air France KLM (AFLYY) Rating Lowered to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Air France KLM (OTCMKTS:AFLYY) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
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. “
AFLYY has been the subject of several other reports. ValuEngine raised Air France KLM from a buy rating to a strong-buy rating in a report on Friday, October 20th. JPMorgan Chase & Co. raised Air France KLM from an underweight rating to a hold rating in a report on Monday, November 20th. Finally, Deutsche Bank raised Air France KLM from a sell rating to a hold rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Air France KLM currently has a consensus rating of Buy and a consensus target price of $18.00.
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Air France KLM Company Profile
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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