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

Air France-KLM SA (OTCMKTS:AFLYY) shares gapped down prior to trading on Thursday. The stock had previously closed at $1.2444, but opened at $1.18. Air France-KLM shares last traded at $1.16, with a volume of 8,891 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AFLYY. Citigroup reissued a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Kepler Capital Markets upgraded shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Air France-KLM has an average rating of “Hold”.

Air France-KLM Trading Down 3.3%

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 company has a market capitalization of $3.05 billion, a P/E ratio of 2.47 and a beta of 1.46. The business has a fifty day moving average price of $1.31 and a 200 day moving average price of $1.27.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%.The business had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.51 billion. On average, analysts expect 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 global airline group whose principal businesses include passenger air transportation, air cargo, aircraft maintenance, and related travel services. The group operates through well-known brands including Air France, KLM Royal Dutch Airlines, Transavia, and Air France Hop. Its services include scheduled international and domestic flights, leisure and low-cost air travel, freight transportation, aircraft engineering and maintenance, and the Flying Blue customer loyalty program.

The group was formed in 2004 through the combination of Air France and KLM.