Air France-KLM (OTCMKTS:AFLYY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Air France-KLM experienced a significant spike in trading volume, with 175,538 shares traded on Friday, marking an 84% increase from the previous session's volume.
• The stock was recently upgraded by Barclays from an "underweight" to an "equal weight" rating, while analysts maintain a consensus rating of "Hold" for the stock.
• In its latest earnings report, Air France-KLM reported earnings per share of $0.25, exceeding estimates, and generated revenues of $9.66 billion, significantly higher than the forecasted $8.44 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 175,538 shares changed hands during trading, an increase of 84% from the previous session's volume of 95,150 shares.The stock last traded at $1.69 and had previously closed at $1.63.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AFLYY shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Air France-KLM in a research note on Friday, July 4th. Barclays raised shares of Air France-KLM from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Air France-KLM Stock Performance

The firm's 50-day moving average price is $1.24 and its two-hundred day moving average price is $1.02. The firm has a market capitalization of $4.46 billion, a PE ratio of 4.04, a P/E/G ratio of 0.13 and a beta of 1.92. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 18.28.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last issued its earnings results on Thursday, July 31st. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.07. The company had revenue of $9.66 billion during the quarter, compared to analyst estimates of $8.44 billion. Air France-KLM had a net margin of 3.30% and a return on equity of 137.95%. As a group, research analysts predict that Air France-KLM SA will post 0.21 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.

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