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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down prior to trading on Monday . The stock had previously closed at $1.49, but opened at $1.41. Air France-KLM shares last traded at $1.50, with a volume of 36,316 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Morgan Stanley upgraded Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Air France-KLM presently has a consensus rating of “Hold”.

Air France-KLM Price Performance

The stock’s 50-day simple moving average is $1.27 and its 200 day simple moving average is $1.25. 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 company has a market cap of $3.97 billion, a price-to-earnings ratio of 2.32, a PEG ratio of 0.29 and a beta of 1.39.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly 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). The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.77 billion. Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. On average, equities research analysts anticipate 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.