Air France-KLM (OTCMKTS:AFLYY) Trading Up 6.4% – Here’s What Happened

Shares of Air France-KLM SA (OTCMKTS:AFLYY) were up 6.4% during mid-day trading on Wednesday . The company traded as high as $1.33 and last traded at $1.33. 965 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 103,956 shares. The stock had previously closed at $1.25.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AFLYY. Citigroup restated a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Finally, Kepler Capital Markets upgraded shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The business has a 50 day moving average price of $1.39 and a 200 day moving average price of $1.27. The stock has a market capitalization of $3.35 billion, a PE ratio of 2.72 and a beta of 1.39. The company has a debt-to-equity ratio of 4.26, a current ratio of 0.72 and a quick ratio of 0.66.

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