Air France-KLM (OTCMKTS:AFLYY) Trading Down 6.5% – What’s Next?

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price traded down 6.5% during trading on Wednesday . The company traded as low as $1.29 and last traded at $1.29. 67,622 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 48,493 shares. The stock had previously closed at $1.38.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. Barclays downgraded shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada began coverage on Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Air France-KLM currently has an average rating of “Hold”.

Air France-KLM Trading Down 3.6%

The stock has a market cap of $3.49 billion, a P/E ratio of 3.33, a PEG ratio of 0.09 and a beta of 1.28. The stock’s fifty day moving average price is $1.29 and its 200 day moving average price is $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.

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.