Air France-KLM (OTCMKTS:AFLYY) Sees Unusually-High Trading Volume on Analyst Upgrade

Key Points

• Shares of Air France-KLM saw unusually strong volume after Barclays upgraded the stock from underweight to equal weight — roughly 132,873 shares traded (up 11% from 119,195) and the stock moved to $1.17 from a $1.12 close.
• Several analysts have shifted their views (JPMorgan to overweight, Zacks to strong-buy, Oddo Bhf to outperform, RBC initiated at hold), leaving a MarketBeat consensus of Moderate Buy (2 Strong Buy, 2 Buy, 6 Hold).
• The company beat quarterly estimates with EPS of $0.23 vs. $0.04 expected and revenue of $9.53B vs. $9.43B, alongside a low P/E of 1.76, ROE of 118%, and a market cap of about $3.05B.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) shares saw unusually-strong trading volume on Tuesday after Barclays upgraded the stock from an underweight rating to an equal weight rating. Approximately 132,873 shares changed hands during trading, an increase of 11% from the previous session's volume of 119,195 shares.The stock last traded at $1.17 and had previously closed at $1.12.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of Air France-KLM from a "neutral" rating to an "overweight" rating in a report on Monday, December 1st. Royal Bank Of Canada began coverage on Air France-KLM in a research report on Tuesday, January 20th. They issued a "hold" rating for the company. Citigroup reiterated a "neutral" rating on shares of Air France-KLM in a research report on Friday, February 20th. Zacks Research upgraded Air France-KLM from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 19th. Finally, Oddo Bhf raised shares of Air France-KLM from a "neutral" rating to an "outperform" rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Air France-KLM Stock Performance

The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.60 and a current ratio of 0.65. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 1.76, a PEG ratio of 0.07 and a beta of 1.23. The company has a fifty day moving average of $1.30 and a two-hundred day moving average of $1.33.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.19. Air France-KLM had a return on equity of 118.01% and a net margin of 5.00%.The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.43 billion. As a group, equities research analysts predict that Air France-KLM SA will post 0.21 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.

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