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

Air France-KLM SA (OTCMKTS:AFLYY – Get Free Report)’s share price gapped up before the market opened 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 trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AFLYY. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Finally, Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Air France-KLM has an average rating of “Hold”.

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Air France-KLM Price Performance

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 company 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 firm has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.21.

Air France-KLM (OTCMKTS:AFLYY – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.77 billion. Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%. On average, analysts predict that Air France-KLM SA will post 0.37 EPS for the current fiscal year.

Air France-KLM Company Profile

(Get Free Report)

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.

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