Air France-KLM (OTCMKTS:AFLYY) Stock Price Down 7.2% – Should You Sell?

Air France-KLM SA (OTCMKTS:AFLYY) shares traded down 7.2% on Wednesday . The stock traded as low as $1.42 and last traded at $1.42. 91,569 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 122,773 shares. The stock had previously closed at $1.53.

Analysts Set New Price Targets

AFLYY has been the topic of a number of analyst reports. Zacks Research cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Air France-KLM Stock Performance

The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56. The company has a 50 day simple moving average of $1.28 and a 200-day simple moving average of $1.25. The stock has a market cap of $3.78 billion, a P/E ratio of 2.22, a price-to-earnings-growth ratio of 0.29 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 the consensus estimate of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.77 billion. On average, equities analysts expect that Air France-KLM SA will post 0.37 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.