Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Should You Sell?

Air France-KLM SA (OTCMKTS:AFLYY) gapped down before the market opened on Wednesday . The stock had previously closed at $1.21, but opened at $1.14. Air France-KLM shares last traded at $1.1290, with a volume of 1,195 shares changing hands.

Analysts Set New Price Targets

AFLYY has been the topic of several analyst reports. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada initiated coverage on Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Friday, February 20th. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Finally, Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Air France-KLM currently has an average rating of “Hold”.

Air France-KLM Price Performance

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 firm has a market cap of $2.85 billion, a PE ratio of 1.64, a price-to-earnings-growth ratio of 0.17 and a beta of 1.36. The stock has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $1.24.

Air France-KLM (OTCMKTS:AFLYY) last issued 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 during the quarter, compared to analyst estimates of $9.43 billion. Equities analysts anticipate that Air France-KLM SA will post 0.46 earnings per share for the current fiscal 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.