Air France-KLM (OTCMKTS:AFLYY) Downgraded to Hold Rating by UBS Group

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

AFLYY has been the topic of a number of other reports. Barclays cut Air France-KLM from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 15th. Redburn Atlantic raised shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Morgan Stanley restated an “underweight” rating on shares of Air France-KLM in a research note on Friday, March 7th. Finally, Citigroup lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Air France-KLM Stock Down 0.6 %

Air France-KLM stock opened at $0.98 on Tuesday. The firm has a 50 day moving average price of $0.90 and a 200-day moving average price of $0.88. Air France-KLM has a twelve month low of $0.70 and a twelve month high of $1.25. The company has a market capitalization of $2.56 billion, a P/E ratio of 2.50 and a beta of 1.58.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, March 6th. The transportation company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations 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 expect that Air France-KLM will post 0.21 EPS for the current fiscal year.

About Air France-KLM

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.