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

Air France-KLM SA (OTCMKTS:AFLYY) shares gapped up before the market opened on Friday . The stock had previously closed at $1.43, but opened at $1.52. Air France-KLM shares last traded at $1.51, with a volume of 2,012 shares.

Wall Street Analysts Forecast Growth

AFLYY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Air France-KLM in a research report on Monday, June 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a research note on Wednesday. Finally, Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The firm has a market capitalization of $3.89 billion, a PE ratio of 2.28, a PEG ratio of 0.28 and a beta of 1.39. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. The company has a 50-day moving average of $1.30 and a 200 day moving average of $1.25.

Air France-KLM (OTCMKTS:AFLYY) last released 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 business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.77 billion. Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. Equities research analysts predict that Air France-KLM SA will post 0.37 EPS for the current year.

About Air France-KLM

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.