Air France-KLM (OTCMKTS:AFLYY) Now Covered by Analysts at Morgan Stanley

Key Points

• Morgan Stanley has initiated coverage on Air France-KLM (OTCMKTS:AFLYY) with an "equal weight" rating, aligning with recent ratings from other analysts.
• The stock has seen a price increase of 3.7% recently, currently trading at $1.40, with a 12-month range of $0.70 to $1.76.
• Air France-KLM reported earnings of $0.25 per share last quarter, surpassing the consensus estimate of $0.18, with revenue of $9.66 billion compared to an expected $8.44 billion.

Equities researchers at Morgan Stanley assumed coverage on shares of Air France-KLM (OTCMKTS:AFLYY - Get Free Report) in a report released on Wednesday. The brokerage set an "equal weight" rating on the transportation company's stock.

AFLYY has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Air France-KLM in a research note on Friday, July 4th. Barclays upgraded Air France-KLM from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Air France-KLM Stock Up 3.7%

OTCMKTS AFLYY opened at $1.40 on Wednesday. Air France-KLM has a 12 month low of $0.70 and a 12 month high of $1.76. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 18.28. The stock has a market cap of $3.68 billion, a PE ratio of 3.33, a P/E/G ratio of 0.12 and a beta of 1.85. The stock's 50 day moving average is $1.52 and its 200 day moving average is $1.20.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. Air France-KLM had a net margin of 3.30% and a return on equity of 137.95%. The firm had revenue of $9.66 billion for the quarter, compared to the consensus estimate of $8.44 billion. Research analysts predict that Air France-KLM will post 0.21 EPS for the current fiscal year.

About Air France-KLM

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.