Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Here’s Why

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down prior to trading on Wednesday. The stock had previously closed at $1.1444, but opened at $1.10. Air France-KLM shares last traded at $1.12, with a volume of 6,917 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on AFLYY shares. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a research report on Tuesday, August 25th. Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Air France-KLM Price Performance

The company’s 50 day moving average price is $1.27 and its 200 day moving average price is $1.28. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 2.40 and a beta of 1.46.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. The business had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $10.51 billion. On average, equities research analysts predict that Air France-KLM SA will post 0.39 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.