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

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $1.39, but opened at $1.33. Air France-KLM shares last traded at $1.35, with a volume of 1,965 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Finally, Kepler Capital Markets upgraded Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The company has a market cap of $3.57 billion, a price-to-earnings ratio of 2.89 and a beta of 1.40. The firm’s 50 day simple moving average is $1.40 and its 200-day simple moving average is $1.27. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.66 and a current ratio of 0.72.

Air France-KLM (OTCMKTS:AFLYY) last issued its earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Air France-KLM had a net margin of 3.35% and a return on equity of 45.11%. On average, sell-side analysts predict that Air France-KLM SA will post 0.44 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.