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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) saw unusually-high trading volume on Friday . Approximately 70,030 shares traded hands during mid-day trading, an increase of 66% from the previous session’s volume of 42,242 shares.The stock last traded at $1.3750 and had previously closed at $1.2850.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AFLYY. Morgan Stanley assumed coverage on Air France-KLM in a research report on Wednesday, October 15th. They issued an “equal weight” rating for the company. Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a report on Friday. Barclays downgraded shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. Royal Bank Of Canada assumed coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upgraded Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Air France-KLM Trading Up 3.4%

The stock’s 50-day moving average price is $1.27 and its 200 day moving average price is $1.35. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.65 and a quick ratio of 0.60. The firm has a market capitalization of $3.57 billion, a PE ratio of 3.40, a price-to-earnings-growth ratio of 0.09 and a beta of 1.28.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.09). The firm had revenue of $10.63 billion during the quarter, compared to the consensus estimate of $10.92 billion. Air France-KLM had a return on equity of 82.86% and a net margin of 3.21%. On average, sell-side analysts expect that Air France-KLM SA will post 0.21 EPS for the current fiscal 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.