Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up on Analyst Upgrade

Air France-KLM SA (OTCMKTS:AFLYY) shares gapped up before the market opened on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. The stock had previously closed at $1.18, but opened at $1.26. Air France-KLM shares last traded at $1.26, with a volume of 6,002 shares.

Several other research firms have also recently weighed in on AFLYY. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Thursday, October 23rd. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, August 4th. Finally, Morgan Stanley started coverage on shares of Air France-KLM in a research report on Wednesday, October 15th. They set an “equal weight” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Air France-KLM presently has an average rating of “Hold”.

Air France-KLM Trading Down 1.0%

The stock has a market capitalization of $3.28 billion, a P/E ratio of 3.12, a price-to-earnings-growth ratio of 0.15 and a beta of 1.30. The stock’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.30. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64.

Air France-KLM (OTCMKTS:AFLYY) last issued its earnings results on Thursday, November 6th. The transportation company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). The business had revenue of $10.63 billion during the quarter, compared to analysts’ expectations of $10.92 billion. Air France-KLM had a return on equity of 82.86% and a net margin of 3.21%. Equities research analysts forecast that Air France-KLM SA will post 0.21 EPS for the current year.

Air France-KLM Company Profile

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.