Air France-KLM (OTCMKTS:AFLYY) Stock Rating Upgraded by Kepler Capital Markets

Key Points

• Kepler Capital Markets upgraded Air France-KLM from “reduce” to “hold,” aligning with the broader analyst consensus of “Hold.” Three analysts rate the stock a Buy, while six rate it a Hold.
• Air France-KLM shares rose 2.3% to open at $1.32, with a market capitalization of approximately $3.47 billion and a one-year trading range of $0.99 to $1.76.
• The airline reported quarterly earnings of $0.07 per share, exceeding estimates of $0.05, while revenue reached $10.67 billion versus expectations of $10.51 billion.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) was upgraded by investment analysts at Kepler Capital Markets from a "reduce" rating to a "hold" rating in a research note issued on Tuesday.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Air France-KLM in a research note on Monday, June 22nd. Citigroup reissued a "neutral" rating on shares of Air France-KLM in a report on Monday, August 3rd. Morgan Stanley reiterated an "overweight" rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Air France-KLM Trading Up 2.3%

OTCMKTS AFLYY opened at $1.32 on Tuesday. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market cap of $3.47 billion, a PE ratio of 2.81 and a beta of 1.40. Air France-KLM has a one year low of $0.99 and a one year high of $1.76. The firm's fifty day moving average is $1.40 and its two-hundred day moving average is $1.27.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 45.11%. The business had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.51 billion. Analysts expect that Air France-KLM will post 0.44 earnings per share 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.

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