Air France-KLM (OTCMKTS:AFLYY) Sees Strong Trading Volume – Time to Buy?

Air France-KLM SA (OTCMKTS:AFLYY) shares saw strong trading volume on Monday . 118,823 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 131,298 shares.The stock last traded at $1.09 and had previously closed at $1.0350.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada initiated coverage on Air France-KLM in a research note on Tuesday, January 20th. They issued a “hold” rating on the stock. Barclays raised Air France-KLM from an “underweight” rating to an “equal weight” rating in a report on Monday, March 9th. Oddo Bhf upgraded Air France-KLM from a “neutral” rating to an “outperform” rating in a research report on Friday, February 6th. Zacks Research raised shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Air France-KLM Stock Performance

The company has a debt-to-equity ratio of 5.39, a quick ratio of 0.56 and a current ratio of 0.62. The firm has a market capitalization of $2.81 billion, a PE ratio of 1.62, a price-to-earnings-growth ratio of 0.07 and a beta of 1.23. The firm’s 50 day moving average price is $1.25 and its 200-day moving average price is $1.29.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results on Thursday, February 19th. The transportation company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.19. The firm had revenue of $9.53 billion during the quarter, compared to analyst estimates of $9.43 billion. Air France-KLM had a return on equity of 100.70% and a net margin of 5.00%. On average, research analysts expect that Air France-KLM SA will post 0.21 EPS for the current year.

Air France-KLM Company Profile

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.