Air France-KLM (OTCMKTS:AFLYY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Air France-KLM (OTCMKTS:AFLYY) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. They currently have $5.50 price objective on the transportation company’s stock.

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. “

Other analysts also recently issued research reports about the stock. HSBC downgraded shares of Air France-KLM from a hold rating to a reduce rating in a research note on Tuesday, November 30th. Societe Generale reaffirmed a sell rating on shares of Air France-KLM in a research note on Tuesday, October 26th. Grupo Santander began coverage on shares of Air France-KLM in a research note on Thursday, November 4th. They issued a hold rating and a €4.50 ($5.11) price objective for the company. Berenberg Bank reissued a sell rating on shares of Air France-KLM in a research note on Friday, November 12th. Finally, Barclays reissued an equal weight rating on shares of Air France-KLM in a research note on Wednesday, October 13th. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $5.00.

Shares of OTCMKTS:AFLYY opened at $4.78 on Wednesday. Air France-KLM has a 1 year low of $4.08 and a 1 year high of $6.88. The business has a 50 day simple moving average of $4.58 and a two-hundred day simple moving average of $4.72. The firm has a market capitalization of $2.05 billion, a PE ratio of -0.33 and a beta of 1.59.

Air France-KLM Company Profile

Air France-KLM SA provides passenger and cargo air transportation services. Its activities include cargo, aeronautics maintenance, and other air transport related activities, such as catering and charter services. The firm operates through the following segments: Network, Maintenance, Transavia, and Other.

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Analyst Recommendations for Air France-KLM (OTCMKTS:AFLYY)

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