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

Air France-KLM SA (OTCMKTS:AFLYY) shares gapped down prior to trading on Thursday . The stock had previously closed at $1.34, but opened at $1.2640. Air France-KLM shares last traded at $1.2640, with a volume of 210 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AFLYY shares. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Finally, Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Air France-KLM Stock Down 0.6%

The company has a 50-day simple moving average of $1.33 and a 200 day simple moving average of $1.26. The company has a market cap of $3.30 billion, a P/E ratio of 2.67 and a beta of 1.39. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 4.83.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%.The business had revenue of $10.67 billion for the quarter, compared to analyst estimates of $10.51 billion. On average, equities analysts anticipate that Air France-KLM SA will post 0.44 EPS for the current year.

About Air France-KLM

Air France-KLM is a European airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates passenger and cargo air transportation through its principal airline brands, Air France and KLM, along with low-cost carrier Transavia. Its airlines serve domestic, European and long-haul international routes linking Europe with destinations across North America, Latin America, Asia, Africa and the Middle East.

Air France is based in France and operates major hubs at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is headquartered in the Netherlands and uses Amsterdam Airport Schiphol as its primary hub.