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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down before the market opened on Tuesday . The stock had previously closed at $1.3250, but opened at $1.25. Air France-KLM shares last traded at $1.29, with a volume of 5,194 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AFLYY shares. Morgan Stanley assumed coverage on Air France-KLM in a research report on Wednesday, October 15th. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. raised Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Finally, Citigroup restated a “neutral” rating on shares of Air France-KLM in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Air France-KLM Trading Down 1.5%

The stock’s 50 day moving average is $1.24 and its 200-day moving average is $1.32. The company has a market cap of $3.39 billion, a P/E ratio of 3.23, a PEG ratio of 0.16 and a beta of 1.30. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64.

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