Air France-KLM (OTCMKTS:AFLYY) Upgraded at Kepler Capital Markets

Air France-KLM (OTCMKTS:AFLYY – Get rating) was upgraded from a “hold” rating to a “buy” rating by analysts at Kepler Capital Markets in a research report released to clients and investors on Wednesday, reports The Fly. The company currently has a price target of €1.90 ($1.94) for the transportation company’s stock.

A number of other analysts have also commented on AFLYY. Citigroup raised its price target on Air France-KLM to €1.85 ($1.89) from €1.50 ($1.53) and gave the company a rating in a research note on Wednesday, August 17 “Buy”. Deutsche Bank Aktiengesellschaft upgraded Air France-KLM from a “sell” rating to a “hold” rating in a report on Friday, June 24th. HSBC downgraded Air France-KLM from a ‘buy’ rating to a ‘hold’ rating in a report on Monday 3 October. Oddo Bhf has upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Monday 1 August. Finally, UBS Group lowered its price target on Air France-KLM to €1.85 ($1.89) from €1.90 ($1.94) and rated the company as “neutral”. Three investment analysts have rated the stock with a sell rating, five with a hold rating and three with a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.41.

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Air France-KLM shares up 2.1%

Air France-KLM shares opened at $1.48 on Wednesday. The company has a 50-day simple moving average of $1.45 and a 200-day simple moving average of $2.49. Air France-KLM has a 1-year low of $1.15 and a 1-year high of $5.48.

Air France-KLM (OTCMKTS:AFLYY – Get Rating) last released its quarterly earnings data on Friday, July 29th. The transportation company reported earnings per share of $0.04 for the quarter, beating the consensus estimate of ($0.03) by $0.07. The company had revenue of $7.15 billion for the quarter. Sell-side analysts are forecasting Air France-KLM to post 0.04 year-to-date EPS.

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About Air France-KLM

(get rating)

Air France-KLM SA, together with its subsidiaries, offers passenger and cargo transport services on scheduled flights in metropolitan France, the Benelux countries, the rest of Europe and internationally. The Company operates through Network, Maintenance, Transavia and Other segments. It also provides airframe and engine maintenance services. component support services, which include electronic, mechanical, pneumatic, hydraulic, etc.; and other services and operates point-to-point flights to/from the Netherlands and France.

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Analyst Ratings for Air France-KLM (OTCMKTS:AFLYY)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

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