Air France-KLM (OTCMKTS:AFLYY) Shares Down 7.2% – Here’s Why

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price traded down 7.2% during trading on Wednesday . The company traded as low as $1.42 and last traded at $1.42. 91,569 shares changed hands during trading, a decline of 25% from the average daily volume of 122,773 shares. The stock had previously closed at $1.53.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Air France-KLM has a consensus rating of “Hold”.

Air France-KLM Price Performance

The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 5.39. The firm’s 50-day moving average is $1.28 and its 200-day moving average is $1.25. The company has a market cap of $3.78 billion, a PE ratio of 2.22, a PEG ratio of 0.29 and a beta of 1.39.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%.The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.77 billion. On average, equities analysts anticipate that Air France-KLM SA will post 0.37 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.