Air France-KLM (OTCMKTS:AFLYY) Upgraded to Strong-Buy at Redburn Atlantic

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

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

Air France-KLM Price Performance

Shares of AFLYY opened at $0.98 on Tuesday. Air France-KLM has a 1 year low of $0.70 and a 1 year high of $1.25. The stock 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 (OTCMKTS:AFLYY) last announced its quarterly earnings data 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). Air France-KLM had a net margin of 2.47% and a negative return on equity of 53.38%. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $7.71 billion. On average, 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.