Air France-KLM (OTCMKTS:AFLYY) Upgraded by HSBC to Buy

HSBC upgraded shares of Air France-KLM (OTCMKTS:AFLYYGet Rating) from a hold rating to a buy rating in a research note released on Tuesday, The Fly reports.

AFLYY has been the topic of several other research reports. Oddo Bhf upgraded Air France-KLM from a neutral rating to an outperform rating in a report on Monday, August 1st. Exane BNP Paribas cut Air France-KLM from a neutral rating to an underperform rating in a report on Wednesday, November 2nd. Citigroup increased their target price on Air France-KLM from €1.50 ($1.53) to €1.85 ($1.89) and gave the company a buy rating in a research note on Wednesday, August 17th. UBS Group cut their target price on Air France-KLM from €1.90 ($1.94) to €1.85 ($1.89) and set a neutral rating on the stock in a research note on Tuesday, August 9th. Finally, BNP Paribas lowered Air France-KLM from a neutral rating to an underperform rating in a research note on Wednesday, November 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $2.07.

Air France-KLM Stock Down 0.7 %

Air France-KLM stock opened at $1.34 on Tuesday. The business’s 50-day simple moving average is $1.40 and its 200 day simple moving average is $1.98. The stock has a market cap of $861.13 million, a price-to-earnings ratio of -11.17 and a beta of 1.70. Air France-KLM has a 12-month low of $1.15 and a 12-month high of $5.15.

About Air France-KLM

(Get Rating)

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

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