Air France-KLM (OTCMKTS:AFLYY) Upgraded to Strong-Buy at Redburn Atlantic

Redburn Atlantic upgraded shares of Air France-KLM (OTCMKTS:AFLYY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

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

Air France-KLM Stock Performance

OTCMKTS:AFLYY opened at $0.98 on Tuesday. The business’s fifty day moving average is $0.90 and its 200 day moving average is $0.88. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 2.50 and a beta of 1.58. Air France-KLM has a 52-week low of $0.70 and a 52-week high of $1.25.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $7.71 billion. Equities analysts predict that Air France-KLM will post 0.21 EPS for the current fiscal 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.