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 Friday . The stock had previously closed at $1.43, but opened at $1.52. Air France-KLM shares last traded at $1.51, with a volume of 2,012 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AFLYY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Zacks Research downgraded shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research note on Wednesday. Three equities 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 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 stock has a market cap of $3.89 billion, a P/E ratio of 2.28, a price-to-earnings-growth ratio of 0.28 and a beta of 1.39. The business’s 50-day simple moving average is $1.30 and its two-hundred day simple moving average is $1.25.

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