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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $1.16, but opened at $1.09. Air France-KLM shares last traded at $1.09, with a volume of 995 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. 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. Royal Bank Of Canada assumed coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Finally, Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Air France-KLM Stock Up 4.5%

The firm has a market cap of $3.05 billion, a PE ratio of 1.78, a P/E/G ratio of 0.23 and a beta of 1.31. The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.56 and a current ratio of 0.62. The firm’s 50-day moving average price is $1.12 and its two-hundred day moving average price is $1.21.

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