Air France-KLM (OTCMKTS:AFLYY) Lowered to “Hold” Rating by UBS Group

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

A number of other brokerages have also commented on AFLYY. Redburn Atlantic upgraded shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Morgan Stanley reaffirmed an “underweight” rating on shares of Air France-KLM in a research report on Friday, March 7th. Barclays cut Air France-KLM from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 15th. Finally, Citigroup lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Air France-KLM Stock Performance

AFLYY opened at $0.98 on Tuesday. The business’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $0.88. The firm has a market capitalization of $2.56 billion, a PE 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 posted its quarterly earnings results on Thursday, March 6th. The transportation company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $7.71 billion. On average, research analysts forecast 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.