Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up Following Analyst Upgrade

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped up before the market opened on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $1.18, but opened at $1.26. Air France-KLM shares last traded at $1.26, with a volume of 6,002 shares changing hands.

AFLYY has been the topic of a number of other reports. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. Morgan Stanley started coverage on shares of Air France-KLM in a research report on Wednesday, October 15th. They set an “equal weight” rating for the company. Finally, Citigroup restated a “neutral” rating on shares of Air France-KLM in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Air France-KLM Trading Up 6.8%

The firm has a market capitalization of $3.31 billion, a PE ratio of 3.00, a P/E/G ratio of 0.12 and a beta of 1.85. The firm has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.30. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 8.69.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.09). Air France-KLM had a net margin of 3.30% and a return on equity of 116.09%. The business had revenue of $10.63 billion for the quarter, compared to analysts’ expectations of $10.92 billion. Equities analysts expect that Air France-KLM SA will post 0.21 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.