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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1.1494, but opened at $1.20. Air France-KLM shares last traded at $1.13, with a volume of 2,236 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AFLYY. Citigroup restated 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 research note on Monday, March 9th. Royal Bank Of Canada started coverage on Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating for the company. Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Oddo Bhf raised 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Air France-KLM Stock Down 2.1%

The stock has a market capitalization of $2.96 billion, a P/E ratio of 1.73, a price-to-earnings-growth ratio of 0.23 and a beta of 1.31. The stock has a fifty day moving average price of $1.12 and a 200 day moving average price of $1.21. 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 posted its quarterly earnings data on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.77 billion. Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. On average, research analysts forecast that Air France-KLM SA will post 0.37 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.