Air France-KLM (OTCMKTS:AFLYY) Sees Strong 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 strong trading volume on Friday . 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays raised Air France-KLM from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Air France-KLM in a research note on Friday, July 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Air France-KLM Stock Performance

The firm has a market cap of $4.32 billion, a PE ratio of 3.91, a price-to-earnings-growth ratio of 0.14 and a beta of 1.92. The company has a 50 day simple moving average of $1.29 and a 200-day simple moving average of $1.05. The company has a debt-to-equity ratio of 18.28, a current ratio of 0.61 and a quick ratio of 0.56.

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