Air France-KLM (OTCMKTS:AFLYY) Sees Unusually-High Trading Volume – Still a Buy?

Air France-KLM SA (OTCMKTS:AFLYY) saw unusually-strong trading volume on Friday . Approximately 70,030 shares changed 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AFLYY. Royal Bank Of Canada started coverage on Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating for the company. Oddo Bhf raised Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Thursday, December 11th. JPMorgan Chase & Co. raised shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. Finally, Barclays lowered shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 5.64. The company’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.35. The company has a market capitalization of $3.59 billion, a P/E ratio of 3.41, a PEG ratio of 0.08 and a beta of 1.28.

Air France-KLM (OTCMKTS:AFLYY) last announced its earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). The business had revenue of $10.63 billion for the quarter, compared to the consensus estimate of $10.92 billion. Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. Equities analysts anticipate that Air France-KLM SA will post 0.21 earnings per share 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.