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 $1.49, but opened at $1.41. Air France-KLM shares last traded at $1.50, with a volume of 36,316 shares trading hands.

Analyst Upgrades and Downgrades

AFLYY has been the topic of a number of research reports. Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Air France-KLM Price Performance

The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39. The stock has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.25. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 2.35, a PEG ratio of 0.29 and a beta of 1.39.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%.The business had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.77 billion. As a group, equities research analysts expect that Air France-KLM SA will post 0.37 earnings per share 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.