Air France-KLM (OTCMKTS:AFLYY) Shares Up 6.4% - Here's What Happened

Key Points

• Air France-KLM shares rose 6.4% to $1.33 in mid-day trading, although trading volume was approximately 99% below the average session volume.
• Analyst sentiment remains cautious: three analysts rate the stock a Buy and six rate it Hold, producing an overall MarketBeat rating of “Hold.”
• The company exceeded quarterly expectations, reporting $0.07 in EPS versus a $0.05 consensus estimate and revenue of $10.67 billion versus estimates of $10.51 billion. Analysts project full-year EPS of $0.44.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report)'s share price was up 6.4% during mid-day trading on Wednesday . The company traded as high as $1.33 and last traded at $1.33. Approximately 965 shares were traded during mid-day trading, a decline of 99% from the average session volume of 103,956 shares. The stock had previously closed at $1.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup reiterated a "neutral" rating on shares of Air France-KLM in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Kepler Capital Markets upgraded shares of Air France-KLM from a "reduce" rating to a "hold" rating in a research note on Tuesday, August 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of Air France-KLM in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Air France-KLM presently has an average rating of "Hold".

Air France-KLM Price Performance

The business's 50-day moving average price is $1.39 and its 200 day moving average price is $1.27. The stock has a market capitalization of $3.35 billion, a PE ratio of 2.72 and a beta of 1.39. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72.

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