Air France-KLM (OTCMKTS:AFLYY) Sees Strong Trading Volume – What’s Next?

Air France-KLM SA (OTCMKTS:AFLYY) shares saw unusually-high trading volume on Monday . Approximately 118,823 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 131,298 shares.The stock last traded at $1.09 and had previously closed at $1.0350.

Wall Street Analysts Forecast Growth

AFLYY has been the topic of a number of recent analyst reports. Royal Bank Of Canada started coverage on Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating on the stock. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 9th. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday, February 6th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Air France-KLM Stock Up 8.2%

The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 1.70, a PEG ratio of 0.06 and a beta of 1.23. The company has a debt-to-equity ratio of 5.39, a current ratio of 0.62 and a quick ratio of 0.56. The business has a fifty day moving average of $1.26 and a 200 day moving average of $1.30.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.19. Air France-KLM had a net margin of 5.00% and a return on equity of 100.70%. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.43 billion. As a group, equities analysts predict that Air France-KLM SA will post 0.21 earnings per share for the current year.

Air France-KLM Company Profile

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.