Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Time to Sell?

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $1.3790, but opened at $1.31. Air France-KLM shares last traded at $1.31, with a volume of 1,391 shares.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Kepler Capital Markets downgraded shares of Air France-KLM from a “hold” rating to a “reduce” rating in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Air France-KLM Trading Down 1.1%

The firm has a market cap of $3.55 billion, a P/E ratio of 2.87, a PEG ratio of 0.21 and a beta of 1.40. The company has a debt-to-equity ratio of 4.26, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a 50 day moving average of $1.39 and a 200 day moving average of $1.27.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.51 billion. Air France-KLM had a return on equity of 45.11% and a net margin of 3.35%. As a group, equities research analysts predict that Air France-KLM SA will post 0.44 EPS for the current 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.