Air France-KLM (OTCMKTS:AFLYY) Shares Cross Above 200 Day Moving Average - Here's What Happened

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.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report)'s share price 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.

Analysts Set New Price Targets

AFLYY has been the subject of several analyst reports. Barclays upgraded shares of Air France-KLM from an "underweight" rating to an "equal weight" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Air France-KLM in a research report on Friday, July 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Air France-KLM Stock Up 3.8%

The firm has a market cap of $3.94 billion, a PE ratio of 3.57, a PEG ratio of 0.16 and a beta of 1.92. The stock has a 50 day simple moving average of $1.19 and a 200-day simple moving average of $0.99. The company has a debt-to-equity ratio of 18.28, a current ratio of 0.61 and a quick ratio of 0.56.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.66 billion during the quarter, compared to analyst estimates of $8.44 billion. Sell-side analysts predict that Air France-KLM SA will post 0.21 EPS 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.

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