Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down After Analyst Downgrade

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped down prior to trading on Monday after Kepler Capital Markets downgraded the stock from a hold rating to a reduce rating. The stock had previously closed at $1.45, but opened at $1.3750. Air France-KLM shares last traded at $1.3750, with a volume of 700 shares changing hands.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Air France-KLM in a research report on Monday, June 22nd. Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Air France-KLM Trading Down 2.2%

The firm’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.26. 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 firm has a market capitalization of $3.52 billion, a PE ratio of 2.06, a price-to-earnings-growth ratio of 0.22 and a beta of 1.39.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Air France-KLM had a return on equity of 71.16% and a net margin of 4.77%.The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.77 billion. Equities analysts expect that Air France-KLM SA will post 0.41 earnings per share for the current 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.