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

Key Points

• Air France-KLM shares gapped up premarket from $1.055 to an open of $1.19, with about 156,950 shares traded.
• Multiple recent analyst upgrades have left the stock with a MarketBeat consensus rating of Moderate Buy (1 Strong Buy, 2 Buy, 5 Hold).
• The company reported an EPS beat ($0.23 vs. $0.04 expected) and revenue of $9.53B, but carries high leverage (debt-to-equity 5.39) and weak liquidity (current ratio 0.62).

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report)'s stock price 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 trading hands.

Analyst Ratings Changes

AFLYY has been the topic of a number of recent research reports. Oddo Bhf upgraded Air France-KLM from a "neutral" rating to an "outperform" rating in a research note on Friday, February 6th. Zacks Research upgraded Air France-KLM from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 19th. Barclays upgraded Air France-KLM from an "underweight" rating to an "equal weight" rating in a research note on Monday, March 9th. Royal Bank Of Canada initiated coverage on Air France-KLM in a research note on Tuesday, January 20th. They set a "hold" rating on the stock. Finally, Citigroup reiterated a "neutral" rating on shares of Air France-KLM in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Air France-KLM Stock Performance

The company has a market cap of $3.05 billion, a P/E ratio of 1.76, a price-to-earnings-growth ratio of 0.06 and a beta of 1.36. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. The stock has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.26.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The transportation company reported $0.23 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.43 billion. On average, research analysts predict that Air France-KLM SA will post 0.21 earnings per share 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.

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