Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up – Here’s What Happened

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.28, but opened at $1.33. Air France-KLM shares last traded at $1.34, with a volume of 68,543 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Morgan Stanley assumed coverage on Air France-KLM in a research report on Wednesday, October 15th. They issued an “equal weight” rating for the company. Finally, Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Air France-KLM presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $3.47 billion, a PE ratio of 3.30, a PEG ratio of 0.16 and a beta of 1.30. The firm’s fifty day moving average price is $1.24 and its 200 day moving average price is $1.32.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. The firm had revenue of $10.63 billion for the quarter, compared to analyst estimates of $10.92 billion. On average, research analysts anticipate that Air France-KLM SA will post 0.21 earnings per share for the current 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.