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

Air France-KLM SA (OTCMKTS:AFLYY) gapped down before the market opened on Friday . The stock had previously closed at $1.32, but opened at $1.25. Air France-KLM shares last traded at $1.25, with a volume of 526 shares.

Analysts Set New Price Targets

AFLYY has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research note 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Finally, Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Air France-KLM currently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The company has a fifty day moving average price of $1.40 and a two-hundred day moving average price of $1.27. 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 company has a market capitalization of $3.36 billion, a P/E ratio of 2.72 and a beta of 1.40.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, beating 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 45.11%. The business had revenue of $10.67 billion during the quarter, compared to analyst estimates of $10.51 billion. Equities analysts forecast that Air France-KLM SA will post 0.44 earnings per share for the current fiscal year.

Air France-KLM Company Profile

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.