Air France-KLM (OTCMKTS:AFLYY) Sees Strong Trading Volume – What’s Next?

Air France-KLM SA (OTCMKTS:AFLYY) shares saw an uptick in trading volume on Friday . 70,030 shares traded hands during 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.

Analysts Set New Price Targets

Several brokerages recently weighed in on AFLYY. Oddo Bhf upgraded shares of Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday. Barclays cut shares of Air France-KLM from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. upgraded shares of Air France-KLM from a “neutral” rating to an “overweight” rating in a report on Monday, December 1st. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada assumed coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Air France-KLM has an average rating of “Hold”.

Air France-KLM Trading Up 3.8%

The company has a market cap of $3.59 billion, a PE ratio of 3.41, a price-to-earnings-growth ratio of 0.08 and a beta of 1.28. The company has a 50-day moving average of $1.26 and a 200 day moving average of $1.35. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.65 and a quick ratio of 0.60.

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