Air France-KLM (OTCMKTS:AFLYY) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Air France-KLM's stock price recently crossed above its 200-day moving average, reaching a high of $1.43 before closing at $1.41 with a trading volume of 144,491 shares.
• Analysts show a mixed sentiment with one "Strong Buy" rating, four "Hold" ratings, and one "Sell" rating, resulting in a consensus rating of "Hold" for the stock.
• In its latest quarterly earnings, Air France-KLM reported an EPS of $0.25, exceeding analyst expectations, with revenues of $9.66 billion against a forecast of $8.44 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.17 and traded as high as $1.43. Air France-KLM shares last traded at $1.41, with a volume of 144,491 shares.

Wall Street Analysts Forecast Growth

AFLYY has been the topic of a number of research reports. Barclays upgraded Air France-KLM from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Air France-KLM in a research report on Friday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Air France-KLM presently has a consensus rating of "Hold".

Air France-KLM Trading Down 1.4%

The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 3.36, a PEG ratio of 0.12 and a beta of 1.94. The firm has a 50-day moving average price of $1.50 and a 200-day moving average price of $1.17. 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 issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. Air France-KLM had a return on equity of 137.95% and a net margin of 3.30%.The company had revenue of $9.66 billion for the quarter, compared to analysts' expectations of $8.44 billion. As a group, sell-side analysts predict that Air France-KLM SA will post 0.21 EPS for the current year.

Air France-KLM Company Profile

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.

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