Air France-KLM (OTCMKTS:AFLYY) Lowered to “Hold” Rating by UBS Group

Air France-KLM (OTCMKTS:AFLYY) was downgraded by stock analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on AFLYY. Morgan Stanley reaffirmed an “underweight” rating on shares of Air France-KLM in a report on Friday, March 7th. Redburn Atlantic raised shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Citigroup cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays lowered Air France-KLM from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Air France-KLM Stock Down 0.6 %

OTCMKTS AFLYY opened at $0.98 on Tuesday. The stock has a market cap of $2.56 billion, a P/E ratio of 2.50 and a beta of 1.58. Air France-KLM has a twelve month low of $0.70 and a twelve month high of $1.25. The company’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $0.88.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, March 6th. The transportation company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $7.71 billion. Research analysts anticipate that Air France-KLM will post 0.21 earnings per share 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.