Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – What’s Next?

Air France-KLM SA (OTCMKTS:AFLYY) gapped down prior to trading on Tuesday . The stock had previously closed at $1.2560, but opened at $1.20. Air France-KLM shares last traded at $1.16, with a volume of 18,247 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on AFLYY. JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Thursday, October 23rd. Finally, Morgan Stanley assumed coverage on Air France-KLM in a research note on Wednesday, October 15th. They issued an “equal weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The stock’s 50 day moving average price is $1.26 and its 200 day moving average price is $1.31. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64. The firm has a market cap of $3.07 billion, a PE ratio of 2.93, a P/E/G ratio of 0.15 and a beta of 1.30.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). The company had revenue of $10.63 billion during the quarter, compared to analyst estimates of $10.92 billion. Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. As a group, equities analysts forecast that Air France-KLM SA will post 0.21 earnings per share for the current fiscal year.

About Air France-KLM

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.