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

Air France-KLM SA (OTCMKTS:AFLYY) gapped up before the market opened on Thursday . The stock had previously closed at $1.41, but opened at $1.52. Air France-KLM shares last traded at $1.42, with a volume of 988 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AFLYY. Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Kepler Capital Markets cut shares of Air France-KLM from a “hold” rating to a “reduce” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Air France-KLM has a consensus rating of “Hold”.

Air France-KLM Stock Down 5.5%

The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72. The company has a fifty day simple moving average of $1.34 and a two-hundred day simple moving average of $1.26. The firm has a market capitalization of $3.60 billion, a PE ratio of 2.11, a PEG ratio of 0.23 and a beta of 1.39.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 71.16%. The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.77 billion. Analysts forecast that Air France-KLM SA will post 0.41 EPS for the current fiscal 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.