Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Should You Sell?

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $1.2450, but opened at $1.19. Air France-KLM shares last traded at $1.19, with a volume of 2,000 shares traded.

Wall Street Analysts Forecast Growth

AFLYY has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on Air France-KLM in a research report on Wednesday, October 15th. They issued an “equal weight” rating on the stock. Royal Bank Of Canada assumed coverage on shares of Air France-KLM in a report on Tuesday, January 20th. They issued a “hold” rating on the stock. Barclays downgraded shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Air France-KLM currently has an average rating of “Hold”.

Air France-KLM Trading Down 2.4%

The business has a 50-day moving average price of $1.24 and a two-hundred day moving average price of $1.35. The company has a market cap of $3.15 billion, a P/E ratio of 3.00, a P/E/G ratio of 0.08 and a beta of 1.28. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 5.64.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.09). Air France-KLM had a return on equity of 82.86% and a net margin of 3.21%.The firm had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.92 billion. On average, analysts predict that Air France-KLM SA will post 0.21 EPS for the current 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.