Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up After Analyst Upgrade

Key Points

• Air France-KLM shares jumped after Kepler Capital Markets upgraded the stock from “reduce” to “hold,” opening at $1.365 versus a prior close of $1.29.
• Analyst sentiment remains mixed but leans neutral: three analysts rate the stock a Buy and six rate it a Hold, resulting in a consensus “Hold” rating.
• The company exceeded quarterly expectations, reporting $0.07 EPS versus $0.05 expected and revenue of $10.67 billion versus a $10.51 billion consensus estimate.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report)'s share price gapped up before the market opened on Tuesday after Kepler Capital Markets upgraded the stock from a reduce rating to a hold rating. The stock had previously closed at $1.29, but opened at $1.3650. Air France-KLM shares last traded at $1.36, with a volume of 3,744 shares.

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

Air France-KLM Stock Performance

The stock has a market cap of $3.55 billion, a P/E ratio of 2.87 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 4.26. The company's 50-day simple moving average is $1.40 and its 200 day simple moving average is $1.27.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, sell-side analysts expect that Air France-KLM SA will post 0.44 EPS for the current fiscal 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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