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 Friday . The stock had previously closed at $1.1494, but opened at $1.20. Air France-KLM shares last traded at $1.13, with a volume of 2,236 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AFLYY shares. Oddo Bhf raised Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Royal Bank Of Canada started coverage on Air France-KLM in a report on Tuesday, January 20th. They issued a “hold” rating for the company. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Finally, Zacks Research cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Air France-KLM Trading Down 2.1%

The company has a market cap of $2.96 billion, a price-to-earnings ratio of 1.73, a PEG ratio of 0.23 and a beta of 1.31. The firm has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.21. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39.

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

About Air France-KLM

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.