Air France-KLM (OTCMKTS:AFLYY) Sets New 12-Month High – Time to Buy?

Air France-KLM SA (OTCMKTS:AFLYY) shares hit a new 52-week high during trading on Tuesday. The company traded as high as $1.56 and last traded at $1.5572, with a volume of 142,347 shares traded. The stock had previously closed at $1.51.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Kepler Capital Markets raised Air France-KLM from a “reduce” rating to a “hold” rating in a research report on Tuesday, August 25th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Finally, Barclays upgraded Air France-KLM from a “strong sell” rating to a “strong-buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Air France-KLM Price Performance

The stock has a market cap of $4.09 billion, a PE ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 4.83, a current ratio of 0.67 and a quick ratio of 0.61. The business has a fifty day moving average of $1.23 and a 200 day moving average of $1.26.

About Air France-KLM

Air France-KLM is an international airline group formed in 2004 through the merger of Air France and KLM. It operates passenger air services under the Air France and KLM brands, connecting Europe with destinations around the world. The group also provides air cargo and aircraft maintenance and engineering services. Its airline portfolio includes Transavia, which focuses on leisure and low-cost travel, and it participates in the SkyTeam airline alliance. Based in France and the Netherlands, Air France-KLM serves customers through a network of international, regional and domestic routes.