Air France-KLM (OTCMKTS:AFLYY) Stock Rating Upgraded by Redburn Atlantic

Air France-KLM (OTCMKTS:AFLYY) was upgraded by equities researchers at Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

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

Air France-KLM Price Performance

AFLYY opened at $0.98 on Tuesday. The company has a 50 day simple moving average of $0.90 and a two-hundred day simple moving average of $0.88. The firm has a market cap of $2.56 billion, a P/E ratio of 2.50 and a beta of 1.58. Air France-KLM has a 1-year low of $0.70 and a 1-year high of $1.25.

Air France-KLM (OTCMKTS:AFLYY) last issued its 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). The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $7.71 billion. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. Equities analysts anticipate 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.