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

Key Points

• Air France-KLM shares gapped down from a previous close of $1.40 to open at $1.35 before last trading at $1.38 with a volume of 12,426 shares.
• The stock has received mixed ratings, with one analyst giving it a Strong Buy, four analysts rating it as Hold, and one as Sell, resulting in a consensus rating of Hold.
• The company reported quarterly earnings of $0.25 per share, exceeding estimates of $0.18, and had a revenue of $9.66 billion, which surpassed analyst predictions of $8.44 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $1.40, but opened at $1.35. Air France-KLM shares last traded at $1.38, with a volume of 12,426 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AFLYY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Air France-KLM in a report on Friday, July 4th. Barclays raised Air France-KLM from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Air France-KLM Stock Performance

The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 18.28. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 3.26, a price-to-earnings-growth ratio of 0.12 and a beta of 1.93. The stock has a fifty day moving average price of $1.51 and a 200 day moving average price of $1.17.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07. The company 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 predict that Air France-KLM SA will post 0.21 earnings per share 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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