Air France-KLM (OTCMKTS:AFLYY) Sets New 52-Week High – What’s Next?

Air France-KLM SA (OTCMKTS:AFLYY)’s share price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $1.56 and last traded at $1.5572, with a volume of 142,347 shares changing hands. The stock had previously closed at $1.51.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AFLYY shares. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Barclays upgraded Air France-KLM from a “strong sell” rating to a “strong-buy” rating in a research note on Friday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Air France-KLM Stock Up 3.1%

The company has a debt-to-equity ratio of 4.83, a current ratio of 0.67 and a quick ratio of 0.61. The stock’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.26. The stock has a market cap of $4.09 billion, a P/E ratio of 2.78 and a beta of 1.53.

Air France-KLM Company Profile

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.