Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up – Still a Buy?

Air France-KLM SA (OTCMKTS:AFLYY) gapped up before the market opened on Friday . The stock had previously closed at $1.25, but opened at $1.34. Air France-KLM shares last traded at $1.34, with a volume of 37,006 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Zacks Research downgraded shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Air France-KLM Price Performance

The business’s 50 day moving average price is $1.18 and its 200 day moving average price is $1.22. The stock has a market capitalization of $3.52 billion, a P/E ratio of 2.06, a price-to-earnings-growth ratio of 0.25 and a beta of 1.40. The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (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 net margin of 4.77% and a return on equity of 82.05%. Sell-side analysts forecast 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.