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

Key Points

• Air France-KLM's stock recently surpassed its 200-day moving average of $1.13, trading as high as $1.58 before closing at $1.55, with a volume of 161,030 shares.
• Analysts show a mixed outlook, with Barclays upgrading the stock to "equal weight," while the overall consensus rating remains a "Hold."
• In its latest earnings report, Air France-KLM beat estimates with $0.25 earnings per share and reported revenues of $9.66 billion, exceeding the estimated $8.44 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.13 and traded as high as $1.58. Air France-KLM shares last traded at $1.55, with a volume of 161,030 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays raised Air France-KLM from an "underweight" rating to an "equal weight" rating in a 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Air France-KLM presently has a consensus rating of "Hold".

Air France-KLM Trading Down 2.5%

The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 18.28. The business has a 50 day moving average price of $1.46 and a 200-day moving average price of $1.13. The firm has a market capitalization of $4.07 billion, a PE ratio of 3.69, a P/E/G ratio of 0.13 and a beta of 1.94.

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 for the quarter, beating analysts' consensus estimates of $0.18 by $0.07. The firm had revenue of $9.66 billion for the quarter, compared to the consensus estimate of $8.44 billion. Air France-KLM had a return on equity of 137.95% and a net margin of 3.30%. Analysts expect that Air France-KLM SA will post 0.21 earnings per share for the current 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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