Air France-KLM (OTCMKTS:AFLYY) Upgraded to Equal Weight at Barclays

Key Points

• Barclays upgrade: Barclays raised Air France-KLM from "underweight" to "equal weight," joining other recent upgrades (JPMorgan to overweight, Oddo Bhf to outperform, Zacks to strong-buy) and leaving the stock with a MarketBeat consensus of "Moderate Buy."
• Earnings beat: The group reported Q results with EPS of $0.23 versus $0.04 expected and revenue of $9.53 billion (vs. $9.43B est.), along with a 118% return on equity and a 5% net margin.
• Valuation and trading: AFLYY opened at $1.16 (market cap $3.05B) and was trading down ~1.3%; key metrics include a P/E of 1.76 and a high debt-to-equity ratio of 5.64.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) was upgraded by research analysts at Barclays from an "underweight" rating to an "equal weight" rating in a note issued to investors on Monday.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised shares of Air France-KLM from a "neutral" rating to an "overweight" rating in a research note on Monday, December 1st. Oddo Bhf raised shares of Air France-KLM from a "neutral" rating to an "outperform" rating in a research note on Friday, February 6th. Citigroup restated a "neutral" rating on shares of Air France-KLM in a report on Friday, February 20th. Royal Bank Of Canada initiated coverage on shares of Air France-KLM in a report on Tuesday, January 20th. They set a "hold" rating for the company. Finally, Zacks Research upgraded shares of Air France-KLM from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Air France-KLM Trading Down 1.3%

AFLYY stock opened at $1.16 on Monday. The company has a market cap of $3.05 billion, a P/E ratio of 1.76, a PEG ratio of 0.07 and a beta of 1.23. Air France-KLM has a twelve month low of $0.75 and a twelve month high of $1.76. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 5.64. The business has a fifty day moving average of $1.31 and a 200-day moving average of $1.33.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.19. The business had revenue of $9.53 billion for the quarter, compared to analysts' expectations of $9.43 billion. Air France-KLM had a return on equity of 118.01% and a net margin of 5.00%. As a group, equities research analysts expect that Air France-KLM will post 0.21 EPS for the current year.

Air France-KLM Company Profile

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.

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