Zacks Investment Research upgraded shares of Air France-KLM (OTCMKTS:AFLYY) from a hold rating to a buy rating in a research note published on Wednesday morning, Zacks.com reports. The firm currently has $5.50 target price on the transportation company’s stock.
According to Zacks, “AIR FRANCE-KLM is an airline company. The Company’s core business is passenger transport, cargo transport, and aircraft maintenance services. The Group is the world leader in terms of international passenger traffic; and its cargo activity (not including integrators) and is one of the world’s major maintenance service providers. The Group structure is simple: a holding company with two airline subsidiaries. Air France-KLM has established a set of clearly defined commitments to ensure that its strategy of profitable growth goes hand in hand with environmental quality and social progress. “
Other equities research analysts have also recently issued reports about the company. Societe Generale restated a sell rating on shares of Air France-KLM in a report on Tuesday, October 26th. Berenberg Bank reaffirmed a sell rating on shares of Air France-KLM in a research report on Friday, November 12th. Grupo Santander assumed coverage on Air France-KLM in a research report on Thursday, November 4th. They set a hold rating and a €4.50 ($5.11) price target for the company. HSBC lowered Air France-KLM from a hold rating to a reduce rating in a research report on Tuesday, November 30th. Finally, Barclays reaffirmed an equal weight rating on shares of Air France-KLM in a research report on Wednesday, October 13th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $5.00.
Air France-KLM Company Profile
Air France-KLM SA provides passenger and cargo air transportation services. Its activities include cargo, aeronautics maintenance, and other air transport related activities, such as catering and charter services. The firm operates through the following segments: Network, Maintenance, Transavia, and Other.
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