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

Air France-KLM SA (OTCMKTS:AFLYY) shares 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 trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on AFLYY. Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Air France-KLM Stock Down 1.7%

The company’s 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.26. The company has a debt-to-equity ratio of 4.26, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $3.80 billion, a P/E ratio of 2.22, a price-to-earnings-growth ratio of 0.23 and a beta of 1.39.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly 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). The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $8.77 billion. Air France-KLM had a net margin of 4.77% and a return on equity of 71.16%. Research analysts anticipate 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.