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

Key Points

• Air France-KLM shares moved above their 200-day moving average, reaching $1.2750 before last trading at $1.26, in relatively light volume of 5,086 shares.
• Analyst sentiment remains cautious: three analysts rate the stock a Buy and six rate it a Hold, producing an overall “Hold” consensus.
• The company exceeded quarterly expectations, reporting $0.07 EPS versus a $0.05 consensus and revenue of $10.67 billion against estimates of $10.51 billion.

Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.26 and traded as high as $1.2750. Air France-KLM shares last traded at $1.26, with a volume of 5,086 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Air France-KLM in a research report on Monday, June 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Air France-KLM in a research report on Wednesday, July 8th. Kepler Capital Markets upgraded Air France-KLM from a "reduce" rating to a "hold" rating in a report on Tuesday, August 25th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Finally, Citigroup restated a "neutral" rating on shares of Air France-KLM in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

Air France-KLM Price Performance

The stock's 50 day moving average price is $1.34 and its two-hundred day moving average price is $1.26. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 2.68 and a beta of 1.39. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 4.83.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $10.67 billion during the quarter, compared to analysts' expectations of $10.51 billion. Air France-KLM had a return on equity of 44.05% and a net margin of 3.35%. Equities research analysts forecast that Air France-KLM SA will post 0.44 EPS for the current fiscal year.

About Air France-KLM

Air France-KLM is a European airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates passenger and cargo air transportation through its principal airline brands, Air France and KLM, along with low-cost carrier Transavia. Its airlines serve domestic, European and long-haul international routes linking Europe with destinations across North America, Latin America, Asia, Africa and the Middle East.

Air France is based in France and operates major hubs at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is headquartered in the Netherlands and uses Amsterdam Airport Schiphol as its primary hub.

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