Air France-KLM (OTCMKTS:AFLYY) Shares Up 11% on Analyst Upgrade

Air France-KLM SA (OTCMKTS:AFLYY)’s share price shot up 11% on Monday after Barclays upgraded the stock from a strong sell rating to a strong-buy rating. The company traded as high as $1.51 and last traded at $1.51. 42,332 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 90,401 shares. The stock had previously closed at $1.36.

A number of other equities research analysts have also weighed in on the company. Kepler Capital Markets upgraded Air France-KLM from a “reduce” rating to a “hold” rating in a research report on Tuesday, August 25th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Air France-KLM Price Performance

The company has a fifty day simple moving average of $1.23 and a 200 day simple moving average of $1.26. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 2.77 and a beta of 1.53. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67.

About Air France-KLM

Air France-KLM is an international airline group formed in 2004 through the merger of Air France and KLM. It operates passenger air services under the Air France and KLM brands, connecting Europe with destinations around the world. The group also provides air cargo and aircraft maintenance and engineering services. Its airline portfolio includes Transavia, which focuses on leisure and low-cost travel, and it participates in the SkyTeam airline alliance. Based in France and the Netherlands, Air France-KLM serves customers through a network of international, regional and domestic routes.