Air France-KLM SA (OTCMKTS:AFLYY – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $1.17, but opened at $1.31. Air France-KLM shares last traded at $1.3152, with a volume of 84,449 shares trading hands.
Analyst Upgrades and Downgrades
AFLYY has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Morgan Stanley raised shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Finally, Zacks Research cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Air France-KLM currently has an average rating of “Hold”.
Get Our Latest Research Report on AFLYY
Air France-KLM Trading Up 5.6%
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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.77 billion. Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%. On average, sell-side analysts forecast that Air France-KLM SA will post 0.37 earnings per share for the current year.
Air France-KLM Company Profile
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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