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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped up prior to trading on Wednesday . The stock had previously closed at $1.0550, but opened at $1.19. Air France-KLM shares last traded at $1.19, with a volume of 156,950 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Oddo Bhf raised Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Royal Bank Of Canada assumed coverage on Air France-KLM in a report on Tuesday, January 20th. They issued a “hold” rating on the stock. Zacks Research raised Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a 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. According to data from MarketBeat.com, Air France-KLM has a consensus rating of “Moderate Buy”.

Air France-KLM Stock Performance

The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.56 and a current ratio of 0.62. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 1.76, a P/E/G ratio of 0.06 and a beta of 1.36. The company has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.26.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data 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. Air France-KLM had a return on equity of 100.70% and a net margin of 5.00%.The company had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.43 billion. Equities research analysts anticipate that Air France-KLM SA will post 0.21 EPS 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.