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

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.88 and traded as high as $0.96. Air France-KLM shares last traded at $0.95, with a volume of 94,572 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AFLYY. Redburn Atlantic upgraded shares of Air France-KLM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Morgan Stanley reiterated an "underweight" rating on shares of Air France-KLM in a research report on Friday, March 7th. Finally, UBS Group lowered shares of Air France-KLM from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

Air France-KLM Stock Performance

The company has a debt-to-equity ratio of 18.28, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market capitalization of $2.44 billion, a P/E ratio of 4.43, a P/E/G ratio of 0.10 and a beta of 1.86. The stock's 50 day moving average is $0.94 and its two-hundred day moving average is $0.89.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. Air France-KLM had a net margin of 1.79% and a return on equity of 84.54%. The business had revenue of $7.54 billion during the quarter, compared to the consensus estimate of $7.39 billion. As a group, equities 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.