Air France KLM shares slump as CEO prepares to quit…

An Air France plane taokes off from Paris Orly airport last month                  REUTERS  Gonzalo Fuentes

Given Air France-KLM's competitors stronger consensus rating and higher possible upside, analysts plainly believe Air France-KLM has less favorable growth aspects than its competitors. Zacks Investment Research cut Air France-KLM from a buy rating to a sell rating in a research report on Thursday, February 22nd. Finally, Bank of America reissued a "sell" rating on shares of Air France-KLM in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company.

Air France said on Friday that the number of its passenger in April had dropped by 8.7 percent amid a series of continuing strikes as part of the ongoing wage increase dispute with the carrier's administration. Air France-KLM has a consensus rating of Hold and a consensus target price of $18.00. The company's stock had a trading volume of 44,076 shares, compared to its average volume of 26,006. But that was not enough to compensate for the almost 9 percent decrease at Air France. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 2.01. The company has market cap of $3.87 billion.

Air France-KLM has a beta of 0.69, meaning that its share price is 31% less volatile than the S&P 500.

KLM and its Transavia subsidiary carried 4.3 million passengers in April, putting the Dutch arm ahead of Air France which moved 3.9 million passengers in that month.

Air France KLM shares were down by around 12.8 percent at 7.06 euros ($8.42) in early session trading, touching their lowest level since April 2017.

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