Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Time to Sell?

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down prior to trading on Tuesday . The stock had previously closed at $1.08, but opened at $1.02. Air France-KLM shares last traded at $1.09, with a volume of 15,178 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AFLYY shares. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Zacks Research downgraded shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada began coverage on Air France-KLM in a report on Tuesday, January 20th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Air France-KLM has an average rating of “Hold”.

Air France-KLM Trading Up 2.5%

The business’s fifty day moving average is $1.14 and its 200-day moving average is $1.22. The firm has a market cap of $3.20 billion, a P/E ratio of 1.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.31. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.56 and a current ratio of 0.62.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results 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). Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%.The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.77 billion. Analysts predict that Air France-KLM SA will post 0.37 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.