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

Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Monday. The stock had previously closed at $1.25, but opened at $1.32. Air France-KLM shares last traded at $1.29, with a volume of 311 shares traded.

Analysts Set New Price Targets

AFLYY has been the topic of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Air France-KLM Stock Up 3.2%

The company has a market cap of $3.39 billion, a price-to-earnings ratio of 2.74 and a beta of 1.39. The stock has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.27. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 4.83.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%.The company had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.51 billion. As a group, analysts predict that Air France-KLM SA will post 0.44 EPS for the current year.

About Air France-KLM

Air France-KLM is a European airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates passenger and cargo air transportation through its principal airline brands, Air France and KLM, along with low-cost carrier Transavia. Its airlines serve domestic, European and long-haul international routes linking Europe with destinations across North America, Latin America, Asia, Africa and the Middle East.

Air France is based in France and operates major hubs at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is headquartered in the Netherlands and uses Amsterdam Airport Schiphol as its primary hub.