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

Air France-KLM SA (OTCMKTS:AFLYY) gapped down before the market opened on Monday . The stock had previously closed at $1.41, but opened at $1.30. Air France-KLM shares last traded at $1.27, with a volume of 112,845 shares.

Analysts Set New Price Targets

AFLYY has been the subject of a number of research analyst reports. Zacks Research raised Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Royal Bank Of Canada began coverage on Air France-KLM in a research report on Tuesday, January 20th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Finally, Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Air France-KLM Price Performance

The stock has a market cap of $3.34 billion, a P/E ratio of 1.92, a P/E/G ratio of 0.09 and a beta of 1.28. The company’s 50 day moving average price is $1.31 and its 200-day moving average price is $1.35. 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 posted its quarterly earnings data on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.19. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.43 billion. Air France-KLM had a return on equity of 118.01% and a net margin of 5.00%. As a group, sell-side analysts expect that Air France-KLM SA will post 0.21 earnings per share 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.