Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – What’s Next?

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $1.33, but opened at $1.25. Air France-KLM shares last traded at $1.29, with a volume of 33,409 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AFLYY shares. Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Morgan Stanley upgraded Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Finally, Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Air France-KLM presently has an average rating of “Hold”.

Air France-KLM Trading Down 1.9%

The company has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.21. The stock has a market capitalization of $3.31 billion, a PE ratio of 1.94, a P/E/G ratio of 0.25 and a beta of 1.40. 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 announced its earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) 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 business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.77 billion. Sell-side 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.