Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down After Analyst Downgrade

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down before the market opened on Monday after Kepler Capital Markets downgraded the stock from a hold rating to a reduce rating. The stock had previously closed at $1.45, but opened at $1.3750. Air France-KLM shares last traded at $1.3750, with a volume of 700 shares traded.

AFLYY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Zacks Research cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Air France-KLM Trading Down 5.2%

The company has a market cap of $3.61 billion, a PE ratio of 2.12, a price-to-earnings-growth ratio of 0.22 and a beta of 1.39. The company’s 50 day simple moving average is $1.34 and its two-hundred day simple moving average is $1.26. The company has a debt-to-equity ratio of 4.26, a current ratio of 0.72 and a quick ratio of 0.66.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 71.16%. The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.77 billion. As a group, sell-side analysts anticipate that Air France-KLM SA will post 0.41 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.