Air France-KLM (OTCMKTS:AFLYY) Sees Strong Trading Volume on Analyst Upgrade

Air France-KLM SA (OTCMKTS:AFLYY) saw an uptick in trading volume on Tuesday after Barclays upgraded the stock from an underweight rating to an equal weight rating. 132,873 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 119,195 shares.The stock last traded at $1.17 and had previously closed at $1.12.

Several other brokerages also recently weighed in on AFLYY. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research note on Friday, February 6th. Zacks Research upgraded shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. 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 for the company. JPMorgan Chase & Co. raised shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a research note on Monday, December 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Air France-KLM Stock Performance

The company has a market cap of $3.05 billion, a price-to-earnings ratio of 1.76, a P/E/G ratio of 0.07 and a beta of 1.23. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 5.64. The stock’s 50 day moving average price is $1.30 and its 200 day moving average price is $1.32.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.19. Air France-KLM had a net margin of 5.00% and a return on equity of 118.01%. The business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.43 billion. On average, analysts expect that Air France-KLM SA will post 0.21 EPS for the current fiscal year.

About Air France-KLM

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.