Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Here’s Why

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down prior to trading on Tuesday . The stock had previously closed at $1.2560, but opened at $1.20. Air France-KLM shares last traded at $1.16, with a volume of 18,247 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AFLYY shares. Morgan Stanley assumed coverage on shares of Air France-KLM in a research note on Wednesday, October 15th. They issued an “equal weight” rating for the company. JPMorgan Chase & Co. raised Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Air France-KLM Stock Performance

The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 2.96, a price-to-earnings-growth ratio of 0.14 and a beta of 1.30. The company’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $1.31. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 5.64.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). The company had revenue of $10.63 billion during the quarter, compared to analyst estimates of $10.92 billion. Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. Analysts predict that Air France-KLM SA will post 0.21 EPS for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.