Air France-KLM (OTCMKTS:AFLYY) Raised to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Air France-KLM (OTCMKTS:AFLYY) from a sell rating to a hold rating in a research note published on Monday morning, Zacks.com reports.

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 brokerages also recently commented on AFLYY. Sanford C. Bernstein upgraded shares of Air France-KLM from an underperform rating to a market perform rating in a report on Tuesday, August 6th. Bank of America started coverage on shares of Air France-KLM in a report on Tuesday, October 1st. They set a buy rating on the stock. ValuEngine raised shares of Air France-KLM from a hold rating to a buy rating in a research report on Tuesday, November 5th. Societe Generale upgraded shares of Air France-KLM from a hold rating to a buy rating in a research note on Thursday, August 8th. Finally, Credit Suisse Group cut shares of Air France-KLM from a neutral rating to an underperform rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Air France-KLM presently has a consensus rating of Hold and an average price target of $12.50.

AFLYY opened at $11.50 on Monday. Air France-KLM has a 1 year low of $8.52 and a 1 year high of $14.95. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 4.88. The firm’s fifty day moving average price is $11.52 and its two-hundred day moving average price is $10.45.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger transportation services on scheduled flights. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers cargo transportation and aeronautics maintenance services; and other air-transport-related services.

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

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