Air France-KLM (OTCMKTS:AFLYY) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Air France-KLM shares moved above their 200-day moving average, reaching $1.32 before closing at $1.27, equal to the long-term average.
• Analyst sentiment remains mixed but leans neutral: three analysts rate the stock Buy, five Hold, and one Sell, resulting in a consensus “Hold” rating.
• The company exceeded quarterly expectations, reporting $0.07 in earnings per share versus a $0.05 estimate and revenue of $10.67 billion versus $10.51 billion expected.

Shares of Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.27 and traded as high as $1.32. Air France-KLM shares last traded at $1.27, with a volume of 41,964 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AFLYY. Citigroup reissued a "neutral" rating on shares of Air France-KLM in a research note on Monday, August 3rd. Kepler Capital Markets cut Air France-KLM from a "hold" rating to a "reduce" rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Air France-KLM in a research report on Monday, June 22nd. Morgan Stanley reissued an "overweight" rating on shares of Air France-KLM in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Air France-KLM has a consensus rating of "Hold".

Air France-KLM Price Performance

The company has a market capitalization of $3.34 billion, a PE ratio of 2.70 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 4.26. The firm's 50-day moving average is $1.40 and its 200-day moving average is $1.27.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Air France-KLM had a return on equity of 45.11% and a net margin of 3.35%.The business had revenue of $10.67 billion for the quarter, compared to the consensus estimate of $10.51 billion. Equities analysts predict that Air France-KLM SA will post 0.44 earnings per share for the current fiscal year.

About Air France-KLM

Air France-KLM is a leading European airline group formed in 2004 through the merger of France's flagship carrier Air France and the Netherlands' national airline KLM Royal Dutch Airlines. Headquartered in Paris and Amstelveen, the group provides passenger, cargo and maintenance services across a global network, connecting major hubs in Europe, North America, Asia, Africa and Latin America.

The company's primary business activities include scheduled passenger transport on short, medium and long-haul routes; air freight operations under Air France-KLM Cargo; and technical support and maintenance services through AFI KLM E&M.

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