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

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $1.3625, but opened at $1.43. Air France-KLM shares last traded at $1.48, with a volume of 34,483 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AFLYY shares. Morgan Stanley upgraded Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a research note on Monday. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Air France-KLM currently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The business’s 50-day moving average price is $1.22 and its 200-day moving average price is $1.23. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39. The stock has a market cap of $3.92 billion, a PE ratio of 2.30, a P/E/G ratio of 0.27 and a beta of 1.40.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings data 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 return on equity of 82.05% and a net margin of 4.77%.The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.77 billion. As a group, equities research analysts expect 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.