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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down before the market opened on Thursday . The stock had previously closed at $1.3790, but opened at $1.31. Air France-KLM shares last traded at $1.31, with a volume of 1,391 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AFLYY shares. 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 report on Monday, June 22nd. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Air France-KLM Stock Down 2.5%

The company has a market cap of $3.59 billion, a P/E ratio of 2.90, a price-to-earnings-growth ratio of 0.21 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 4.26. The company has a fifty day moving average of $1.39 and a 200 day moving average of $1.27.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Air France-KLM had a return on equity of 45.11% and a net margin of 3.35%.The business had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.51 billion. On average, research analysts anticipate 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.