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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped up before the market opened on Wednesday . The stock had previously closed at $0.9975, but opened at $1.07. Air France-KLM shares last traded at $1.08, with a volume of 6,249 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AFLYY. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Royal Bank Of Canada assumed coverage on shares of Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating on the stock. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Finally, Zacks Research raised Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Air France-KLM Trading Up 4.8%

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 firm has a market capitalization of $2.89 billion, a PE ratio of 1.67, a PEG ratio of 0.06 and a beta of 1.23. The stock’s fifty day simple moving average is $1.24 and its 200 day simple moving average is $1.27.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.19. The business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.43 billion. Air France-KLM had a net margin of 5.00% and a return on equity of 100.70%. On average, sell-side analysts predict that Air France-KLM SA will post 0.21 earnings per share for the current 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.