Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down Following Analyst Downgrade

Shares of Air France-KLM SA (OTCMKTS:AFLYY) gapped down before the market opened on Monday after Kepler Capital Markets downgraded the stock from a hold rating to a reduce rating. The stock had previously closed at $1.45, but opened at $1.3750. Air France-KLM shares last traded at $1.3750, with a volume of 700 shares trading hands.

Several other equities analysts have also issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 4.26. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 2.06, a P/E/G ratio of 0.22 and a beta of 1.39. The stock has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.26.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.77 billion. Air France-KLM had a return on equity of 71.16% and a net margin of 4.77%. Analysts predict that Air France-KLM SA will post 0.41 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.