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

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

Analyst Ratings Changes

A number of equities analysts have weighed in on AFLYY shares. JPMorgan Chase & Co. upgraded Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. Zacks Research raised Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Finally, Royal Bank Of Canada started coverage on Air France-KLM in a research report on Tuesday, January 20th. They issued a “hold” rating on the stock. One investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Air France-KLM Stock Performance

The business’s 50-day simple moving average is $1.24 and its two-hundred day simple moving average is $1.28. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 1.52, a P/E/G ratio of 0.06 and a beta of 1.23. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, February 19th. The transportation company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.19. Air France-KLM had a return on equity of 100.70% and a net margin of 5.00%.The firm had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.43 billion. As a group, sell-side analysts expect that Air France-KLM SA will post 0.21 earnings per share for the current fiscal year.

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.