Air France KLM SA (AFLYY) Downgraded to Sell at Zacks Investment Research
According to Zacks, “AIR FRANCE-KLM is an airline company. The Company’s core business is passenger transport, cargo transport, and aircraft maintenance services. The Group is the world leader in terms of international passenger traffic; and its cargo activity (not including integrators) and is one of the world’s major maintenance service providers. The Group structure is simple: a holding company with two airline subsidiaries. Air France-KLM has established a set of clearly defined commitments to ensure that its strategy of profitable growth goes hand in hand with environmental quality and social progress. “
AFLYY has been the subject of a number of other reports. Bank of America Corp. reissued a buy rating on shares of Air France KLM SA in a research report on Friday, September 16th. Macquarie raised Air France KLM SA from an underperform rating to a neutral rating in a research report on Friday, September 23rd. Deutsche Bank AG downgraded Air France KLM SA from a hold rating to a sell rating in a research note on Wednesday, September 7th. Finally, Societe Generale downgraded Air France KLM SA from a hold rating to a sell rating in a research note on Monday, July 25th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $7.50.
Shares of Air France KLM SA (NASDAQ:AFLYY) opened at 5.29 on Tuesday. Air France KLM SA has a 52 week low of $5.24 and a 52 week high of $9.92. The firm has a market capitalization of $1.55 billion and a price-to-earnings ratio of 2.28. The stock has a 50 day moving average price of $5.48 and a 200-day moving average price of $7.08.
Air France KLM SA Company Profile
Air France KLM-SA is an airline company. The Company is engaged in passenger transportation. Its activities also include cargo, aeronautics maintenance and other air-transport-related activities, including catering. The Company’s two sub-groups Air France and KLM have a flyer program, Flying Blue, which enables members to acquire miles as they fly with airline partners or from transactions with non-airline partners.
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