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

Citigroup cut shares of Air France-KLM (OTCMKTS:AFLYY) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on AFLYY. BNP Paribas upgraded shares of Air France-KLM from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 19th. Morgan Stanley lowered shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Tuesday, November 5th. Finally, Barclays raised shares of Air France-KLM to a “hold” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Air France-KLM Stock Performance

Air France-KLM stock opened at $0.74 on Wednesday. The stock’s 50 day simple moving average is $0.83 and its two-hundred day simple moving average is $0.87. The stock has a market cap of $1.94 billion, a price-to-earnings 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.