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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped up before the market opened on Thursday . The stock had previously closed at $1.41, but opened at $1.52. Air France-KLM shares last traded at $1.42, with a volume of 988 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AFLYY. Zacks Research downgraded shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a research report on Monday, June 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Air France-KLM Price Performance

The firm has a market capitalization of $3.80 billion, a PE ratio of 2.22, a PEG ratio of 0.23 and a beta of 1.39. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 4.26. The firm’s fifty day simple moving average is $1.33 and its 200-day simple moving average is $1.26.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a return on equity of 71.16% and a net margin of 4.77%.The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.77 billion. On average, research analysts forecast that Air France-KLM SA will post 0.41 earnings per share for the current fiscal 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.