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

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

Analyst Ratings Changes

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

Air France-KLM Stock Up 0.9%

The stock has a market capitalization of $3.39 billion, a P/E ratio of 2.75 and a beta of 1.39. The firm’s fifty day moving average is $1.38 and its 200-day moving average is $1.27. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 4.26.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.51 billion. As a group, equities research analysts predict 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.