Air France-KLM (OTCMKTS:AFLYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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 a number of other research reports. Royal Bank of Canada downgraded shares of Air France-KLM from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 14th. Macquarie initiated coverage on shares of Air France-KLM in a report on Tuesday, November 27th. They issued a “neutral” rating for the company. Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 22nd. UBS Group reiterated a “neutral” rating on shares of Air France-KLM in a report on Monday, January 21st. Finally, ValuEngine upgraded shares of Air France-KLM from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.00.

AFLYY stock opened at $12.12 on Wednesday. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 11.43 and a beta of 0.73. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.78 and a quick ratio of 0.72. Air France-KLM has a 12 month low of $7.78 and a 12 month high of $14.95.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Wednesday, February 20th. The transportation company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.36). The business had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.49 billion. Air France-KLM had a net margin of 1.49% and a return on equity of 13.85%. On average, sell-side analysts expect that Air France-KLM will post 2.04 earnings per share for the current year.

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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