Air France-KLM (OTCMKTS:AFLYY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Air France-KLM SA (OTCMKTS:AFLYY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.27 and traded as high as $1.32. Air France-KLM shares last traded at $1.27, with a volume of 41,964 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Kepler Capital Markets cut Air France-KLM from a “hold” rating to a “reduce” rating in a research note on Friday, July 17th. Morgan Stanley reiterated an “overweight” rating on shares of Air France-KLM in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Air France-KLM in a research report on Monday, June 22nd. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Air France-KLM presently has an average rating of “Hold”.

Air France-KLM Stock Up 1.6%

The business has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $1.27. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 2.74 and a beta of 1.40. The company has a debt-to-equity ratio of 4.26, a current ratio of 0.72 and a quick ratio of 0.66.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Air France-KLM had a return on equity of 45.11% and a net margin of 3.35%.The business had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $10.51 billion. As a group, equities analysts predict that Air France-KLM SA will post 0.44 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.