Air France-KLM (OTCMKTS:AFLYY) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Air France-KLM's share price has surpassed its 200-day moving average, trading as high as $1.50 with a volume of 110,866 shares on Wednesday.
• Analysts have mixed ratings on the stock, with one strong buy, five holds, and one sell, leading to a consensus rating of "Hold."
• In its latest quarterly report, Air France-KLM reported earnings per share of $0.25, exceeding estimates and generating revenue of $9.66 billion compared to an expected $8.44 billion.

Shares of Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.99 and traded as high as $1.50. Air France-KLM shares last traded at $1.50, with a volume of 110,866 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays raised shares of Air France-KLM from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Air France-KLM in a research report on Friday, July 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold".

Air France-KLM Stock Up 0.9%

The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 3.69, a price-to-earnings-growth ratio of 0.13 and a beta of 1.92. The firm's 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.00. 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 data on Thursday, July 31st. The transportation company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07. Air France-KLM had a net margin of 3.30% and a return on equity of 137.95%. The company had revenue of $9.66 billion for the quarter, compared to analyst estimates of $8.44 billion. Sell-side analysts anticipate that Air France-KLM SA will post 0.21 earnings per share for the current fiscal 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.