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

Air France-KLM SA (OTCMKTS:AFLYY) saw strong trading volume on Monday. Approximately 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.

Wall Street Analysts Forecast Growth

AFLYY has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Kepler Capital Markets raised Air France-KLM from a “reduce” rating to a “hold” rating in a research note on Tuesday, August 25th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Air France-KLM 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 current ratio of 0.67 and a quick ratio of 0.61. The business’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.26. The firm has a market cap of $3.07 billion, a PE ratio of 2.49 and a beta of 1.46.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.51 billion. On average, equities research analysts expect that Air France-KLM SA will post 0.39 earnings per share 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.