Air France-KLM (OTCMKTS:AFLYY) Trading Down 3.8% – Here’s What Happened

Air France-KLM SA (OTCMKTS:AFLYY) was down 3.8% during mid-day trading on Tuesday . The stock traded as low as $0.9911 and last traded at $0.9911. Approximately 579 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 136,657 shares. The stock had previously closed at $1.03.

Analysts Set New Price Targets

A number of research firms have recently commented on AFLYY. Royal Bank Of Canada initiated coverage on Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating on the stock. Zacks Research raised Air France-KLM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Finally, Citigroup reissued a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Air France-KLM Trading Up 5.7%

The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 1.68, a price-to-earnings-growth ratio of 0.06 and a beta of 1.36. The business’s 50 day simple moving average is $1.23 and its 200 day simple moving average is $1.27.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.19. Air France-KLM had a net margin of 5.00% and a return on equity of 100.70%. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.43 billion. Research analysts anticipate that Air France-KLM SA will post 0.21 EPS for the current 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.