Air France-KLM (OTCMKTS:AFLYY) Stock Price Up 5.6% Following Analyst Upgrade

Air France-KLM SA (OTCMKTS:AFLYY) shares rose 5.6% during mid-day trading on Monday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock traded as high as $1.2650 and last traded at $1.26. Approximately 17,411 shares traded hands during trading, a decline of 87% from the average daily volume of 137,191 shares. The stock had previously closed at $1.1930.

Several other research analysts have also recently issued reports on the stock. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, August 4th. Morgan Stanley started coverage on Air France-KLM in a research note on Wednesday, October 15th. They issued an “equal weight” rating on the stock. Finally, Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Air France-KLM Stock Up 5.6%

The firm’s fifty day simple moving average is $1.28 and its 200 day simple moving average is $1.29. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 8.69. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 3.00, a PEG ratio of 0.12 and a beta of 1.85.

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

About Air France-KLM

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.