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

Shares of Air France-KLM SA (OTCMKTS:AFLYY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $1.2250, but opened at $1.39. Air France-KLM shares last traded at $1.3967, with a volume of 27,475 shares trading hands.

Wall Street Analysts Forecast Growth

AFLYY has been the subject of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Kepler Capital Markets upgraded shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Get Our Latest Research Report on AFLYY

Air France-KLM Stock Performance

The stock has a market capitalization of $3.63 billion, a P/E ratio of 2.94 and a beta of 1.53. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83. The business has a fifty day moving average price of $1.22 and a 200-day moving average price of $1.26.

About Air France-KLM

(Get Free Report)

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.

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