Morgan Stanley Initiates Coverage on Air France-KLM (OTCMKTS:AFLYY)

Investment analysts at Morgan Stanley began coverage on shares of Air France-KLM (OTCMKTS:AFLYYGet Free Report) in a research note issued to investors on Wednesday, MarketBeat reports. The firm set an “equal weight” rating on the transportation company’s stock.

AFLYY has been the subject of a number of other reports. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a report on Friday, July 4th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Research Report on AFLYY

Air France-KLM Stock Performance

OTCMKTS AFLYY opened at $1.44 on Wednesday. Air France-KLM has a fifty-two week low of $0.70 and a fifty-two week high of $1.76. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 3.43, a price-to-earnings-growth ratio of 0.13 and a beta of 1.85. The business has a fifty day moving average of $1.51 and a 200-day moving average of $1.20. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 18.28.

Air France-KLM (OTCMKTS:AFLYYGet Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Air France-KLM had a return on equity of 137.95% and a net margin of 3.30%.The company had revenue of $9.66 billion during the quarter, compared to analysts’ expectations of $8.44 billion. As a group, analysts predict that Air France-KLM will post 0.21 earnings per share for the current fiscal year.

Air France-KLM Company Profile

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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.

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Analyst Recommendations for Air France-KLM (OTCMKTS:AFLYY)

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