Air France-KLM (OTCMKTS:AFLYY) Cut to “Hold” at UBS Group

UBS Group cut shares of Air France-KLM (OTCMKTS:AFLYY) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Citigroup lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley reiterated an “underweight” rating on shares of Air France-KLM in a report on Friday, March 7th. Barclays downgraded Air France-KLM from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 15th. Finally, Redburn Atlantic upgraded Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Air France-KLM Price Performance

OTCMKTS AFLYY opened at $0.98 on Tuesday. Air France-KLM has a one year low of $0.70 and a one year high of $1.25. The business has a 50 day simple moving average of $0.90 and a 200 day simple moving average of $0.88. The stock has a market capitalization of $2.56 billion, a P/E ratio of 2.50 and a beta of 1.58.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, March 6th. The transportation company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). Air France-KLM had a net margin of 2.47% and a negative return on equity of 53.38%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $7.71 billion. Equities analysts expect that Air France-KLM will post 0.21 earnings per share for the current year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.