Air France-KLM (OTCMKTS:AFLYY) Sees Large Volume Increase – Here’s Why

Shares of Air France-KLM SA (OTCMKTS:AFLYY) saw unusually-high trading volume on Monday . Approximately 173,782 shares changed hands during trading, an increase of 35% from the previous session’s volume of 128,262 shares.The stock last traded at $1.40 and had previously closed at $1.33.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AFLYY. Morgan Stanley upgraded shares of Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Barclays upgraded shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Finally, Zacks Research lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Air France-KLM Stock Up 3.5%

The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39. The firm has a market capitalization of $3.62 billion, a P/E ratio of 2.12, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. The company’s fifty day simple moving average is $1.18 and its 200 day simple moving average is $1.22.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. The business had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.77 billion. Research analysts expect that Air France-KLM SA will post 0.37 EPS 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.