Air France-KLM (OTCMKTS:AFLYY) Stock Price Down 4.4% – Here’s Why

Air France-KLM SA (OTCMKTS:AFLYY) traded down 4.4% on Wednesday . The company traded as low as $1.21 and last traded at $1.21. 607 shares were traded during mid-day trading, a decline of 100% from the average session volume of 131,330 shares. The stock had previously closed at $1.2656.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AFLYY. Morgan Stanley raised Air France-KLM from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Zacks Research cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Air France-KLM Stock Up 1.6%

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 capitalization of $3.34 billion, a P/E ratio of 1.95, a PEG ratio of 0.25 and a beta of 1.40. The company has a fifty day moving average price of $1.18 and a 200-day moving average price of $1.22.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.77 billion. As a group, research analysts forecast that Air France-KLM SA will post 0.37 EPS 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.