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

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AFLYY shares. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Kepler Capital Markets upgraded Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Morgan Stanley reissued an “overweight” rating on shares of Air France-KLM in a research report 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Air France-KLM Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83. The stock’s 50-day moving average price is $1.27 and its 200 day moving average price is $1.28. The firm 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 released its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $10.67 billion for the quarter, compared to the consensus estimate of $10.51 billion. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%. Equities research analysts predict that Air France-KLM SA will post 0.39 earnings per share for the current year.

About Air France-KLM

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.