Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up – Should You Buy?

Air France-KLM SA (OTCMKTS:AFLYY) gapped up before the market opened on Thursday . The stock had previously closed at $1.2850, but opened at $1.3450. Air France-KLM shares last traded at $1.30, with a volume of 2,690 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Morgan Stanley raised shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Air France-KLM presently has a consensus rating of “Hold”.

Air France-KLM Stock Up 2.2%

The firm’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.21. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.56 and a current ratio of 0.62. The stock has a market capitalization of $3.45 billion, a P/E ratio of 2.02, a PEG ratio of 0.26 and a beta of 1.40.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.77 billion. Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%. As a group, research analysts expect that Air France-KLM SA will post 0.37 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.