Air France-KLM (OTCMKTS:AFLYY) Shares Up 5.6% – Should You Buy?

Shares of Air France-KLM SA (OTCMKTS:AFLYY) traded up 5.6% during mid-day trading on Monday . The company traded as high as $1.52 and last traded at $1.50. 87,003 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 63,880 shares. The stock had previously closed at $1.4210.

Analysts Set New Price Targets

AFLYY has been the subject of a number of analyst reports. Zacks Research upgraded shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Thursday. Barclays lowered Air France-KLM from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upgraded Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Friday. Finally, Oddo Bhf raised Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Air France-KLM currently has a consensus rating of “Moderate Buy”.

Air France-KLM Price Performance

The stock has a market cap of $3.92 billion, a PE ratio of 2.26, a P/E/G ratio of 0.09 and a beta of 1.28. The business has a fifty day simple moving average of $1.30 and a two-hundred day simple moving average of $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.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.19. The company had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.43 billion. Air France-KLM had a return on equity of 118.01% and a net margin of 5.00%. Research analysts forecast that Air France-KLM SA will post 0.21 earnings per share for the current 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.