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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $1.28, but opened at $1.23. Air France-KLM shares last traded at $1.25, with a volume of 5,649 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AFLYY shares. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. Morgan Stanley started coverage on Air France-KLM in a research note on Wednesday, October 15th. They set an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. raised Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Air France-KLM Price Performance

The stock has a market cap of $3.31 billion, a PE ratio of 3.15, a P/E/G ratio of 0.09 and a beta of 1.28. The business has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.35. 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 quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. The business had revenue of $10.63 billion for the quarter, compared to analysts’ expectations of $10.92 billion. Research analysts forecast that Air France-KLM SA will post 0.21 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.