Air France-KLM (OTCMKTS:AFLYY) Cut to Hold at Citigroup

Air France-KLM (OTCMKTS:AFLYY) was downgraded by equities research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

AFLYY has been the subject of several other reports. Barclays upgraded shares of Air France-KLM to a “hold” rating in a report on Monday, October 7th. Morgan Stanley lowered Air France-KLM from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, November 5th. Finally, BNP Paribas raised Air France-KLM from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Air France-KLM Stock Down 5.4 %

AFLYY stock opened at $0.74 on Wednesday. The company has a 50-day simple moving average of $0.83 and a 200 day simple moving average of $0.87. The company has a market capitalization of $1.94 billion, a P/E ratio of 1.89 and a beta of 1.62. Air France-KLM has a fifty-two week low of $0.73 and a fifty-two week high of $1.45.

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.