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

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $1.17, but opened at $1.31. Air France-KLM shares last traded at $1.3152, with a volume of 84,449 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Air France-KLM currently has an average rating of “Hold”.

Air France-KLM Price Performance

The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 2.02, a price-to-earnings-growth ratio of 0.23 and a beta of 1.31. The stock’s 50 day moving average price is $1.12 and its two-hundred day moving average price is $1.20. 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 released its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The firm had revenue of $8.77 billion for 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%. Equities research analysts forecast that Air France-KLM SA will post 0.37 EPS 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.