Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up – What’s Next?

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $1.2250, but opened at $1.39. Air France-KLM shares last traded at $1.3967, with a volume of 27,475 shares traded.

Wall Street Analyst Weigh In

AFLYY has been the topic of a number of research reports. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a research note on Tuesday, August 25th. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Air France-KLM Stock Up 12.7%

The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67. The stock’s 50-day moving average price is $1.22 and its two-hundred day moving average price is $1.26. The stock has a market capitalization of $3.63 billion, a PE ratio of 2.94 and a beta of 1.53.

Air France-KLM Company Profile

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.