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

Key Points

• Air France-KLM SA's shares surpassed their 200-day moving average, trading at $1.63 with a volume of 148,069 shares.
• Analysts have given the stock a consensus rating of "Hold," with one strong buy, five hold, and one sell rating.
• The company reported earnings per share of $0.25, exceeding estimates of $0.18, and its revenue for the quarter reached $9.66 billion, higher than expected.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.02 and traded as high as $1.63. Air France-KLM shares last traded at $1.63, with a volume of 148,069 shares changing hands.

Wall Street Analysts Forecast Growth

AFLYY has been the subject of several analyst reports. Barclays raised shares of Air France-KLM from an "underweight" rating to an "equal weight" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Air France-KLM in a report on Friday, July 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Air France-KLM Stock Performance

The company has a market cap of $4.56 billion, a P/E ratio of 4.13, a price-to-earnings-growth ratio of 0.14 and a beta of 1.92. 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 company has a 50 day moving average price of $1.27 and a 200-day moving average price of $1.04.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $9.66 billion for the quarter, compared to analyst estimates of $8.44 billion. On average, equities analysts expect that Air France-KLM SA will post 0.21 earnings per share for the current fiscal 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.