Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up – Time to Buy?

Air France-KLM SA (OTCMKTS:AFLYY) gapped up before the market opened on Friday. The stock had previously closed at $1.50, but opened at $1.55. Air France-KLM shares last traded at $1.54, with a volume of 3,146 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays upgraded Air France-KLM from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, November 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Finally, Kepler Capital Markets upgraded Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Air France-KLM presently has an average rating of “Moderate Buy”.

Air France-KLM Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 4.83. The company’s 50-day simple moving average is $1.24 and its 200-day simple moving average is $1.27. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 2.75 and a beta of 1.53.

About Air France-KLM

Air France-KLM is an international airline group formed in 2004 through the merger of Air France and KLM. It operates passenger air services under the Air France and KLM brands, connecting Europe with destinations around the world. The group also provides air cargo and aircraft maintenance and engineering services. Its airline portfolio includes Transavia, which focuses on leisure and low-cost travel, and it participates in the SkyTeam airline alliance. Based in France and the Netherlands, Air France-KLM serves customers through a network of international, regional and domestic routes.