Air France-KLM (OTCMKTS:AFLYY) Stock Price Up 8% – Here’s What Happened

Air France-KLM SA (OTCMKTS:AFLYY – Get Free Report)’s stock price shot up 8% during trading on Tuesday . The stock traded as high as $1.35 and last traded at $1.35. 8,489 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 98,666 shares. The stock had previously closed at $1.25.

Analyst Ratings Changes

AFLYY has been the topic of several analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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View Our Latest Analysis on AFLYY

Air France-KLM Stock Up 5.6%

The stock has a market capitalization of $3.49 billion, a P/E ratio of 2.83 and a beta of 1.39. The company has a fifty day moving average price of $1.34 and a 200-day moving average price of $1.26. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83.

Air France-KLM (OTCMKTS:AFLYY – Get Free Report) last posted its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. The firm had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.51 billion. As a group, research analysts forecast that Air France-KLM SA will post 0.44 EPS for the current fiscal year.

About Air France-KLM

(Get Free Report)

Air France-KLM is a European airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates passenger and cargo air transportation through its principal airline brands, Air France and KLM, along with low-cost carrier Transavia. Its airlines serve domestic, European and long-haul international routes linking Europe with destinations across North America, Latin America, Asia, Africa and the Middle East.

Air France is based in France and operates major hubs at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is headquartered in the Netherlands and uses Amsterdam Airport Schiphol as its primary hub.

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