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

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $1.3857, but opened at $1.3270. Air France-KLM shares last traded at $1.32, with a volume of 1,631 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AFLYY. Morgan Stanley started coverage on Air France-KLM in a report on Wednesday, October 15th. They issued an “equal weight” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Air France-KLM Trading Down 3.4%

The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.60 and a current ratio of 0.65. The firm has a market cap of $3.52 billion, a PE ratio of 3.35, a price-to-earnings-growth ratio of 0.09 and a beta of 1.28. The stock has a 50-day simple moving average of $1.22 and a two-hundred day simple moving average of $1.34.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). The company had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.92 billion. Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. As a group, sell-side analysts anticipate that Air France-KLM SA will post 0.21 EPS 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.