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

Air France-KLM SA (OTCMKTS:AFLYY) saw unusually-high trading volume on Monday . Approximately 173,782 shares traded 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.

Analyst Upgrades and Downgrades

AFLYY has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. Barclays raised shares of Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Morgan Stanley raised Air France-KLM from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Zacks Research lowered Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Air France-KLM Stock Performance

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

Air France-KLM (OTCMKTS:AFLYY) last posted its quarterly earnings data 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). The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.77 billion. Air France-KLM had a return on equity of 82.05% and a net margin of 4.77%. As a group, research analysts predict that Air France-KLM SA will post 0.37 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.