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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $1.1890, but opened at $1.05. Air France-KLM shares last traded at $1.1250, with a volume of 63,269 shares changing hands.

Wall Street Analyst Weigh In

AFLYY has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Royal Bank Of Canada initiated coverage on Air France-KLM in a research report on Tuesday, January 20th. They issued a “hold” rating on the stock. Oddo Bhf raised Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Zacks Research raised Air France-KLM from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Air France-KLM Stock Up 5.1%

The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39. The business has a 50-day moving average price of $1.21 and a 200-day moving average price of $1.25. The firm has a market cap of $3.19 billion, a P/E ratio of 1.84, a P/E/G ratio of 0.15 and a beta of 1.36.

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.19. Air France-KLM had a return on equity of 100.70% and a net margin of 5.00%.The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.43 billion. On average, equities analysts forecast that Air France-KLM SA will post 0.21 EPS 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.