Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down - Here's What Happened

Key Points

• Air France-KLM shares gapped down, opening at $1.49 after closing at $1.53, with a trading volume of 86,118 shares.
• Analyst ratings are mixed, with Barclays upgrading the stock from "underweight" to "equal weight" and the consensus rating being "Hold" with one Strong Buy and one Sell rating among analysts.
• The company reported a quarterly earnings of $0.25 EPS, exceeding expectations with revenues of $9.66 billion, despite a market capitalization of $3.93 billion.

Shares of Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $1.53, but opened at $1.49. Air France-KLM shares last traded at $1.49, with a volume of 86,118 shares trading hands.

Wall Street Analyst Weigh In

AFLYY has been the subject of a number of recent analyst reports. Barclays raised Air France-KLM from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Air France-KLM in a report on Friday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Air France-KLM Stock Down 2.3%

The stock has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.14. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 18.28. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 3.56, a price-to-earnings-growth ratio of 0.13 and a beta of 1.93.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. The firm had revenue of $9.66 billion for the quarter, compared to analyst estimates of $8.44 billion. Air France-KLM had a return on equity of 137.95% and a net margin of 3.30%. As a group, analysts forecast that Air France-KLM SA will post 0.21 EPS for the current year.

About Air France-KLM

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.

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