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

Air France-KLM SA (OTCMKTS:AFLYY) shares saw unusually-strong trading volume on Monday. 95,411 shares changed hands during trading, an increase of 5% from the average daily volume of 90,607 shares. The stock last traded at $1.17 and had previously closed at $1.12.

Analysts Set New Price Targets

Several research firms have commented on AFLYY. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Air France-KLM Stock Up 6.4%

The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 2.49 and a beta of 1.46. The business’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.26.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. The firm had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $10.51 billion. On average, equities analysts forecast that Air France-KLM SA will post 0.39 EPS for the current year.

Air France-KLM Company Profile

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.