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

Air France-KLM SA (OTCMKTS:AFLYY)’s share price 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 changing hands.

Analysts Set New Price Targets

AFLYY has been the subject of a number of research analyst reports. Barclays cut Air France-KLM from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 15th. Citigroup cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley reaffirmed 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Air France-KLM Price Performance

The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 2.50 and a beta of 1.58. The firm has a fifty day moving average of $0.88 and a 200 day moving average of $0.88.

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