Air France-KLM (OTCMKTS:AFLYY) Stock Price Up 6% – Time to Buy?

Air France-KLM SA (OTCMKTS:AFLYY) rose 6% during trading on Monday . The stock traded as high as $1.23 and last traded at $1.23. Approximately 2,637 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 144,093 shares. The stock had previously closed at $1.16.

Wall Street Analyst Weigh In

AFLYY has been the topic of several research reports. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Zacks Research cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Royal Bank Of Canada initiated coverage on Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating on the stock. Finally, Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Air France-KLM Price 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 firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 1.71, a price-to-earnings-growth ratio of 0.18 and a beta of 1.36. The business has a fifty day moving average of $1.20 and a two-hundred day moving average of $1.24.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results 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. The business 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 100.70% and a net margin of 5.00%. As a group, research analysts predict that Air France-KLM SA will post 0.46 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.