Air France-KLM (OTCMKTS:AFLYY) Cut to “Hold” at Citigroup

Citigroup downgraded shares of Air France-KLM (OTCMKTS:AFLYY) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts have also issued reports on the company. BNP Paribas upgraded Air France-KLM from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 19th. Barclays upgraded Air France-KLM to a “hold” rating in a research report on Monday, October 7th. Finally, Morgan Stanley lowered Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Air France-KLM Price Performance

AFLYY stock opened at $0.74 on Wednesday. The business has a fifty day moving average price of $0.83 and a 200 day moving average price of $0.87. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 1.89 and a beta of 1.62. Air France-KLM has a fifty-two week low of $0.73 and a fifty-two week high of $1.45.

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.