Air France-KLM (OTCMKTS:AFLYY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Air France-KLM SA (OTCMKTS:AFLYY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.26 and traded as high as $1.2750. Air France-KLM shares last traded at $1.26, with a volume of 5,086 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on AFLYY shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Air France-KLM in a research note on Wednesday, August 5th. Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research report on Monday, August 3rd. Kepler Capital Markets raised Air France-KLM from a “reduce” rating to a “hold” rating in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Air France-KLM in a report on Monday, June 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Air France-KLM in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The firm’s 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.26. The firm has a market capitalization of $3.31 billion, a PE ratio of 2.68 and a beta of 1.39. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83.

Air France-KLM (OTCMKTS:AFLYY) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Air France-KLM had a net margin of 3.35% and a return on equity of 44.05%. The business had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.51 billion. As a group, research analysts predict that Air France-KLM SA will post 0.44 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM is a European airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates passenger and cargo air transportation through its principal airline brands, Air France and KLM, along with low-cost carrier Transavia. Its airlines serve domestic, European and long-haul international routes linking Europe with destinations across North America, Latin America, Asia, Africa and the Middle East.

Air France is based in France and operates major hubs at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is headquartered in the Netherlands and uses Amsterdam Airport Schiphol as its primary hub.