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

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $1.2444, but opened at $1.18. Air France-KLM shares last traded at $1.16, with a volume of 8,891 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on AFLYY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Air France-KLM in a research report on Monday, June 22nd. Kepler Capital Markets raised Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Citigroup reissued a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Air France-KLM Trading Down 2.1%

The firm has a market capitalization of $3.03 billion, a P/E ratio of 2.46 and a beta of 1.46. The business’s 50 day moving average is $1.30 and its two-hundred day moving average is $1.27. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.51 billion. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. Analysts expect that Air France-KLM SA will post 0.44 EPS for the current year.

Air France-KLM Company Profile

Air France-KLM is a global airline group whose principal businesses include passenger air transportation, air cargo, aircraft maintenance, and related travel services. The group operates through well-known brands including Air France, KLM Royal Dutch Airlines, Transavia, and Air France Hop. Its services include scheduled international and domestic flights, leisure and low-cost air travel, freight transportation, aircraft engineering and maintenance, and the Flying Blue customer loyalty program.

The group was formed in 2004 through the combination of Air France and KLM.