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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Wednesday . The stock had previously closed at $1.3625, but opened at $1.43. Air France-KLM shares last traded at $1.48, with a volume of 34,483 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on AFLYY. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Morgan Stanley raised shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Air France-KLM in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Air France-KLM presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. The firm has a 50 day moving average price of $1.22 and a 200 day moving average price of $1.23. The stock has a market cap of $3.92 billion, a PE ratio of 2.30, a price-to-earnings-growth ratio of 0.27 and a beta of 1.40.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported ($0.13) earnings per share 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 business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.77 billion. As a group, research analysts forecast that Air France-KLM SA will post 0.37 earnings per share 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.