Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Time to Sell?

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.33, but opened at $1.25. Air France-KLM shares last traded at $1.29, with a volume of 33,409 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on AFLYY. Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Morgan Stanley raised shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a 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. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Air France-KLM Stock Down 1.5%

The stock has a market cap of $3.42 billion, a P/E ratio of 2.00, a price-to-earnings-growth ratio of 0.26 and a beta of 1.40. The firm has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.21. 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 announced its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.77 billion. On average, equities research analysts forecast 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.