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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Thursday. The stock had previously closed at $1.2250, but opened at $1.39. Air France-KLM shares last traded at $1.3967, with a volume of 27,475 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Finally, Kepler Capital Markets upgraded Air France-KLM from a “reduce” rating to a “hold” rating in a research report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Air France-KLM Stock Up 5.9%

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’s 50 day simple moving average is $1.22 and its 200 day simple moving average is $1.26. The company has a market capitalization of $3.78 billion, a PE ratio of 2.57 and a beta of 1.53.

Air France-KLM Company Profile

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.