Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Time to Sell?
by Kim Johansen · The Markets DailyAir France-KLM SA (OTCMKTS:AFLYY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $1.2450, but opened at $1.19. Air France-KLM shares last traded at $1.19, with a volume of 2,000 shares.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on AFLYY shares. Morgan Stanley started coverage on Air France-KLM in a research report on Wednesday, October 15th. They issued an “equal weight” rating for the company. Citigroup restated a “neutral” rating on shares of Air France-KLM in a research note on Thursday, December 11th. Barclays downgraded shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. raised shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Finally, Royal Bank Of Canada began coverage on Air France-KLM in a research report on Tuesday, January 20th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.
View Our Latest Analysis on Air France-KLM
Air France-KLM Stock Performance
The business’s 50-day simple moving average is $1.25 and its 200 day simple moving average is $1.35. The firm has a market cap of $3.21 billion, a P/E ratio of 3.05, a P/E/G ratio of 0.08 and a beta of 1.28. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.60 and a current ratio of 0.65.
Air France-KLM (OTCMKTS:AFLYY – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). Air France-KLM had a return on equity of 82.86% and a net margin of 3.21%.The firm had revenue of $10.63 billion during the quarter, compared to analysts’ expectations of $10.92 billion. As a group, equities analysts predict that Air France-KLM SA will post 0.21 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.