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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Friday . The stock had previously closed at $1.22, but opened at $1.2701. Air France-KLM shares last traded at $1.2450, with a volume of 3,439 shares.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AFLYY. Morgan Stanley began coverage on Air France-KLM in a research note on Wednesday, October 15th. They set an “equal weight” rating for the company. JPMorgan Chase & Co. upgraded Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. Barclays lowered Air France-KLM from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada initiated coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.60 and a current ratio of 0.65. The stock’s fifty day moving average is $1.25 and its two-hundred day moving average is $1.35. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 3.11, a PEG ratio of 0.08 and a beta of 1.28.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. The company had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.92 billion. On average, 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 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.