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

Shares of Air France-KLM SA (OTCMKTS:AFLYY – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $1.0750, but opened at $1.14. Air France-KLM shares last traded at $1.12, with a volume of 3,155 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AFLYY shares. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

View Our Latest Stock Report on AFLYY

Air France-KLM Stock Up 3.3%

The stock has a fifty day moving average price of $1.25 and a two-hundred day moving average price of $1.28. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market capitalization of $2.92 billion, a P/E ratio of 2.36 and a beta of 1.46.

Air France-KLM (OTCMKTS:AFLYY – Get Free Report) last posted its earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%. Research analysts forecast that Air France-KLM SA will post 0.39 EPS for the current year.

Air France-KLM Company Profile

(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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