Air France-KLM (OTCMKTS:AFLYY) Shares Up 5.6% – Here’s What Happened

Air France-KLM SA (OTCMKTS:AFLYY) shares were up 5.6% during mid-day trading on Monday . The stock traded as high as $1.52 and last traded at $1.50. Approximately 87,003 shares were traded during trading, an increase of 36% from the average daily volume of 63,880 shares. The stock had previously closed at $1.4210.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays reaffirmed an “underweight” rating on shares of Air France-KLM in a report on Tuesday. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Zacks Research upgraded Air France-KLM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Royal Bank Of Canada assumed coverage on Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. upgraded Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Air France-KLM currently has a consensus rating of “Moderate Buy”.

Air France-KLM Stock Up 1.0%

The stock has a fifty day moving average of $1.31 and a 200-day moving average of $1.35. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 2.23, a PEG ratio of 0.09 and a beta of 1.28. 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, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.19. The company had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.43 billion. Air France-KLM had a net margin of 5.00% and a return on equity of 118.01%. As a group, sell-side analysts expect that Air France-KLM SA will post 0.21 EPS for the current 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.