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

Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Friday . The stock had previously closed at $1.22, but opened at $1.2701. Air France-KLM shares last traded at $1.2450, with a volume of 3,439 shares trading hands.

Analyst Ratings Changes

A number of analysts have commented on AFLYY shares. JPMorgan Chase & Co. upgraded Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Royal Bank Of Canada began coverage on Air France-KLM in a research note on Tuesday, January 20th. They set a “hold” rating for the company. Barclays lowered shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. Morgan Stanley assumed coverage on shares of Air France-KLM in a report on Wednesday, October 15th. They set an “equal weight” rating for the company. Finally, Citigroup restated a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Air France-KLM Price Performance

The company’s 50 day simple moving average is $1.25 and its 200 day simple moving average is $1.35. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $3.28 billion, a PE ratio of 3.13, a PEG ratio of 0.08 and a beta of 1.28.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). The business had revenue of $10.63 billion for the quarter, compared to analysts’ expectations of $10.92 billion. Air France-KLM had a return on equity of 82.86% and a net margin of 3.21%. On average, equities analysts anticipate that Air France-KLM SA will post 0.21 earnings per share for the current 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.