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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) 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.

Wall Street Analyst Weigh In

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

Air France-KLM Stock Performance

The company 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. The stock has a fifty day simple moving average of $1.16 and a 200-day simple 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.

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