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

Air France-KLM (OTCMKTS:AFLYY) was upgraded by Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on AFLYY. Barclays downgraded Air France-KLM from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 15th. Morgan Stanley reissued an “underweight” rating on shares of Air France-KLM in a research report on Friday, March 7th. Finally, Citigroup downgraded shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two 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.com, the stock currently has an average rating of “Hold”.

Air France-KLM Price Performance

Shares of OTCMKTS:AFLYY opened at $0.98 on Tuesday. Air France-KLM has a 12 month low of $0.70 and a 12 month high of $1.25. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 2.50 and a beta of 1.58. The stock’s 50 day moving average price is $0.90 and its 200 day moving average price is $0.88.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, March 6th. The transportation company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $7.71 billion. On average, sell-side analysts expect that Air France-KLM will post 0.21 EPS for the current 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.