Air France-KLM (OTCMKTS:AFLYY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Air France-KLM SA (OTCMKTS:AFLYY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.88 and traded as high as $1.01. Air France-KLM shares last traded at $0.98, with a volume of 1,840 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on AFLYY shares. Citigroup cut shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays downgraded Air France-KLM from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley restated an “underweight” rating on shares of Air France-KLM in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The company’s fifty day moving average price is $0.88 and its 200-day moving average price is $0.88. The stock has a market cap of $2.56 billion, a P/E ratio of 2.50 and a beta of 1.58.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings data on Thursday, March 6th. The transportation company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $7.71 billion. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. Analysts anticipate 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.