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

Air France-KLM SA (OTCMKTS:AFLYY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $1.17, but opened at $1.31. Air France-KLM shares last traded at $1.3152, with a volume of 84,449 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AFLYY shares. Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Zacks Research downgraded shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Citigroup restated a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Finally, Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Air France-KLM Price Performance

The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. The company’s 50 day moving average is $1.13 and its 200 day moving average is $1.21. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 2.06, a P/E/G ratio of 0.26 and a beta of 1.31.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.77 billion. On average, equities research analysts anticipate that Air France-KLM SA will post 0.37 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM is a leading European airline group formed in 2004 through the merger of France’s flagship carrier Air France and the Netherlands’ national airline KLM Royal Dutch Airlines. Headquartered in Paris and Amstelveen, the group provides passenger, cargo and maintenance services across a global network, connecting major hubs in Europe, North America, Asia, Africa and Latin America.

The company’s primary business activities include scheduled passenger transport on short, medium and long-haul routes; air freight operations under Air France-KLM Cargo; and technical support and maintenance services through AFI KLM E&M.