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 Wednesday . The stock had previously closed at $0.9975, but opened at $1.07. Air France-KLM shares last traded at $1.08, with a volume of 6,249 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Royal Bank Of Canada started coverage on shares of Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating for the company. Oddo Bhf raised Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Zacks Research upgraded Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Finally, Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Air France-KLM Stock Performance

The company has a market capitalization of $2.89 billion, a P/E ratio of 1.67, a price-to-earnings-growth ratio of 0.06 and a beta of 1.23. The company’s 50 day moving average is $1.24 and its 200-day moving average is $1.27. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings data on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.43 billion. Equities analysts anticipate that Air France-KLM SA will post 0.21 EPS for the current fiscal year.

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.