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

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $1.16, but opened at $1.24. Air France-KLM shares last traded at $1.2899, with a volume of 72,457 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AFLYY. Royal Bank Of Canada started coverage on shares of Air France-KLM in a research note on Tuesday, January 20th. They set a “hold” rating on the stock. Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Finally, Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Air France-KLM Stock Up 6.0%

The firm’s fifty day moving average is $1.21 and its two-hundred day moving average is $1.25. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 1.86, a P/E/G ratio of 0.17 and a beta of 1.36. The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, February 19th. The transportation company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.04 by $0.19. Air France-KLM had a net margin of 5.00% and a return on equity of 100.70%. The firm had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.43 billion. On average, sell-side analysts expect that Air France-KLM SA will post 0.21 EPS 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.