Redburn Atlantic Upgrades Air France-KLM (OTCMKTS:AFLYY) to “Strong-Buy”

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

AFLYY has been the subject of several other reports. Citigroup lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays downgraded shares of Air France-KLM from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Air France-KLM in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Air France-KLM has an average rating of “Hold”.

Air France-KLM Price Performance

Air France-KLM stock 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 company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 2.50 and a beta of 1.58. The firm’s fifty day moving average price is $0.90 and its 200 day moving average price is $0.88.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results 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). The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $7.71 billion. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. Analysts forecast that Air France-KLM will post 0.21 earnings per share for the current fiscal 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.