Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up After Analyst Upgrade

Air France-KLM SA (OTCMKTS:AFLYY) shares gapped up before the market opened on Tuesday after Kepler Capital Markets upgraded the stock from a reduce rating to a hold rating. The stock had previously closed at $1.29, but opened at $1.3650. Air France-KLM shares last traded at $1.36, with a volume of 3,744 shares changing hands.

A number of other research firms also recently weighed in on AFLYY. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Finally, Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Air France-KLM Stock Performance

The firm has a market capitalization of $3.55 billion, a PE ratio of 2.87 and a beta of 1.40. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72. The business’s fifty day simple moving average is $1.40 and its 200-day simple moving average is $1.27.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 45.11%. The firm had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.51 billion. As a group, equities research analysts expect that Air France-KLM SA will post 0.44 EPS for the current year.

About Air France-KLM

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.