Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up – What’s Next?

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Friday. The stock had previously closed at $1.50, but opened at $1.55. Air France-KLM shares last traded at $1.54, with a volume of 3,146 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AFLYY shares. Barclays upgraded shares of Air France-KLM from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, November 6th. Kepler Capital Markets upgraded 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 research note on Wednesday, August 5th. Finally, Citigroup restated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Air France-KLM Stock Performance

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 has a market cap of $4.05 billion, a P/E ratio of 2.75 and a beta of 1.53. The stock has a 50-day simple moving average of $1.24 and a 200-day simple moving average of $1.27.

About Air France-KLM

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.