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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $1.27, but opened at $1.21. Air France-KLM shares last traded at $1.26, with a volume of 6,085 shares changing hands.

Wall Street Analysts Forecast Growth

AFLYY has been the subject of a number of research analyst reports. Morgan Stanley raised Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Zacks Research cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Air France-KLM presently has a consensus rating of “Hold”.

Air France-KLM Price Performance

The stock has a fifty day moving average of $1.16 and a 200-day moving average of $1.22. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. The firm has a market capitalization of $3.28 billion, a P/E ratio of 1.92, a PEG ratio of 0.25 and a beta of 1.39.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.77 billion. Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%. Equities analysts predict that Air France-KLM SA will post 0.37 EPS 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.