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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped up prior to trading 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.

Analysts Set New Price Targets

AFLYY has been the subject of several analyst reports. Morgan Stanley upgraded Air France-KLM from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Air France-KLM Price Performance

The company has a market cap of $3.52 billion, a PE ratio of 2.06, a P/E/G 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. The company has a 50-day moving average price of $1.18 and a two-hundred day moving average price of $1.22.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, April 30th. The transportation company reported ($0.13) 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 for the quarter, compared to the consensus estimate of $8.77 billion. Sell-side analysts expect 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.