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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $1.0250, but opened at $1.0725. Air France-KLM shares last traded at $1.05, with a volume of 18,969 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AFLYY shares. Morgan Stanley started coverage on shares of Air France-KLM in a research report on Wednesday, October 15th. They issued an “equal weight” rating for the company. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Thursday, October 23rd. Finally, Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Air France-KLM Stock Up 2.9%

The company has a debt-to-equity ratio of 8.69, a current ratio of 0.60 and a quick ratio of 0.55. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 2.51, a price-to-earnings-growth ratio of 0.12 and a beta of 1.85. The firm’s 50-day simple moving average is $1.34 and its two-hundred day simple moving average is $1.28.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.09). The firm had revenue of $10.63 billion for the quarter, compared to analysts’ expectations of $10.92 billion. Air France-KLM had a return on equity of 116.09% and a net margin of 3.30%. Sell-side analysts predict that Air France-KLM SA will post 0.21 EPS for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.