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

Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Thursday . The stock had previously closed at $1.11, but opened at $1.1750. Air France-KLM shares last traded at $1.15, with a volume of 22,436 shares.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Air France-KLM Trading Up 1.7%

The stock has a market cap of $3.07 billion, a P/E ratio of 1.80, a P/E/G ratio of 0.22 and a beta of 1.31. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.56 and a current ratio of 0.62. The stock has a 50-day moving average price of $1.12 and a 200-day moving average price of $1.21.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The business had revenue of $8.77 billion for 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%. On average, equities research 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.