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

Key Points

• Air France-KLM shares experienced a 97% increase in trading volume, with 217,191 shares sold during mid-day trading, while the stock price decreased by 2.2% to $1.55.
• Analysts are mixed on the stock's performance, with Barclays upgrading it to an "equal weight" rating and a consensus average rating of "Hold."
• The company reported a quarterly earnings per share of $0.25, surpassing estimates and showing a substantial revenue of $9.66 billion against an expectation of $8.44 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) saw an uptick in trading volume on Friday . 217,191 shares were traded during mid-day trading, an increase of 97% from the previous session's volume of 110,098 shares.The stock last traded at $1.55 and had previously closed at $1.59.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AFLYY. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Air France-KLM in a research report on Friday, July 4th. Barclays upgraded shares of Air France-KLM from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Air France-KLM Stock Up 2.0%

The firm has a market cap of $3.99 billion, a P/E ratio of 3.62, a P/E/G ratio of 0.13 and a beta of 1.94. The business's fifty day moving average price is $1.49 and its two-hundred day moving average price is $1.15. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 18.28.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last released its quarterly earnings results 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 business had revenue of $9.66 billion for the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Air France-KLM SA will post 0.21 EPS for the current year.

About Air France-KLM

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.