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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down prior to trading on Monday . The stock had previously closed at $1.28, but opened at $1.23. Air France-KLM shares last traded at $1.25, with a volume of 5,649 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AFLYY. Morgan Stanley started coverage on shares of Air France-KLM in a report on Wednesday, October 15th. They set an “equal weight” rating for the company. JPMorgan Chase & Co. raised Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. Finally, Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Air France-KLM Stock Performance

The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 5.64. The company has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.35. The stock has a market cap of $3.31 billion, a PE ratio of 3.15, a P/E/G ratio of 0.09 and a beta of 1.28.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.09). The company had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.92 billion. Air France-KLM had a return on equity of 82.86% and a net margin of 3.21%. Analysts expect that Air France-KLM SA will post 0.21 earnings per share 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.