Sanford C. Bernstein cut shares of Air France-KLM (OTCMKTS:AFLYY) from a market perform rating to an underperform rating in a research note issued to investors on Monday, The Fly reports.
Other equities analysts have also issued reports about the company. Berenberg Bank reaffirmed a sell rating and issued a $13.00 target price on shares of Air France-KLM in a research report on Friday, May 10th. Zacks Investment Research lowered Air France-KLM from a hold rating to a strong sell rating in a research report on Monday, April 8th. ValuEngine raised Air France-KLM from a hold rating to a buy rating in a research report on Wednesday, February 27th. UBS Group reaffirmed a neutral rating on shares of Air France-KLM in a research report on Monday, January 21st. Finally, Morgan Stanley raised Air France-KLM from an equal weight rating to an overweight rating in a research report on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $12.50.
Shares of AFLYY opened at $9.27 on Monday. Air France-KLM has a 52-week low of $7.78 and a 52-week high of $14.95. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 11.14 and a beta of 0.71. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 4.98.
About Air France-KLM
Air France-KLM SA, together with its subsidiaries, provides passenger transportation services on scheduled flights. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers cargo transportation and aeronautics maintenance services; and other air-transport-related services.
Further Reading: Strangles
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