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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) saw an uptick in trading volume on Tuesday . 125,265 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 131,574 shares.The stock last traded at $1.27 and had previously closed at $1.15.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Oddo Bhf raised shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research note on Friday, February 20th. Barclays upgraded Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Zacks Research downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Morgan Stanley raised Air France-KLM from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Air France-KLM presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 5.39. The stock has a market cap of $3.29 billion, a PE ratio of 1.92, a P/E/G ratio of 0.23 and a beta of 1.31. The business’s 50-day moving average price is $1.12 and its 200-day moving average price is $1.20.

Air France-KLM (OTCMKTS:AFLYY) last posted its earnings results on Thursday, April 30th. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Air France-KLM had a net margin of 4.77% and a return on equity of 82.05%. The firm had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.77 billion. As a group, equities research analysts expect that Air France-KLM SA will post 0.37 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.