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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $1.11, but opened at $1.1750. Air France-KLM shares last traded at $1.15, with a volume of 22,436 shares traded.

Wall Street Analyst Weigh In

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

Air France-KLM Trading Up 1.7%

The business has a fifty day simple moving average of $1.12 and a 200-day simple moving average of $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 firm has a market cap of $3.07 billion, a price-to-earnings ratio of 1.80, a PEG ratio of 0.23 and a beta of 1.31.

Air France-KLM (OTCMKTS:AFLYY) last issued its earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%.The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.77 billion. As a group, equities analysts forecast that Air France-KLM SA will post 0.37 earnings per share for the current fiscal 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.