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

Air France-KLM SA (OTCMKTS:AFLYY) gapped down prior to trading on Monday . The stock had previously closed at $1.49, but opened at $1.41. Air France-KLM shares last traded at $1.50, with a volume of 36,316 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley upgraded Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research note on Monday, March 9th. Zacks Research cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Air France-KLM Stock Performance

The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 2.32, a PEG ratio of 0.29 and a beta of 1.39. The firm has a 50 day moving average price of $1.27 and a 200-day moving average price of $1.25. The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56.

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