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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.26 and traded as high as $1.41. Air France-KLM shares last traded at $1.36, with a volume of 153,068 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Air France-KLM in a research report on Wednesday, August 5th. Kepler Capital Markets raised shares of Air France-KLM from a “reduce” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Citigroup reiterated a “neutral” rating on shares of Air France-KLM in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Air France-KLM presently has an average rating of “Hold”.

Air France-KLM Stock Performance

The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 2.89 and a beta of 1.53. The company has a debt-to-equity ratio of 4.83, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a 50 day moving average price of $1.22 and a two-hundred day moving average price of $1.26.

Air France-KLM Company Profile

Air France-KLM is a global airline group formed in 2004 through the merger of Air France and KLM Royal Dutch Airlines. The group operates under the Air France and KLM brands, which retain their own identities, operating certificates and hubs. Air France is based primarily at Paris-Charles de Gaulle and Paris-Orly airports, while KLM is centered at Amsterdam Airport Schiphol.

The company provides scheduled passenger air transportation on short-, medium- and long-haul routes serving destinations across Europe, North America, Latin America, Asia, Africa and the Middle East.