Air France-KLM (OTCMKTS:AFLYY) Shares Gap Up – Time to Buy?

Air France-KLM SA (OTCMKTS:AFLYY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $1.36, but opened at $1.46. Air France-KLM shares last traded at $1.40, with a volume of 24,957 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AFLYY shares. Barclays downgraded Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Royal Bank Of Canada initiated coverage on shares of Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Thursday, December 11th. Finally, Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Air France-KLM Price Performance

The company has a market capitalization of $3.57 billion, a P/E ratio of 3.40, a price-to-earnings-growth ratio of 0.09 and a beta of 1.28. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.65 and a quick ratio of 0.60. The firm’s 50-day moving average is $1.27 and its 200-day moving average is $1.35.

About Air France-KLM

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.