Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Here’s Why

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.16, but opened at $1.09. Air France-KLM shares last traded at $1.09, with a volume of 995 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AFLYY shares. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Oddo Bhf upgraded shares of 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 shares of Air France-KLM in a report on Tuesday, January 20th. They issued a “hold” rating for the company. Zacks Research cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Air France-KLM Stock Up 4.5%

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 market cap of $3.05 billion, a price-to-earnings ratio of 1.78, a PEG ratio of 0.23 and a beta of 1.31. The business’s fifty day moving average is $1.12 and its two-hundred day moving average is $1.21.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.77 billion. Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. Equities analysts forecast that Air France-KLM SA will post 0.37 earnings per share for the current fiscal year.

Air France-KLM Company Profile

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.