Air France-KLM (OTCMKTS:AFLYY) Share Price Breaks Above Two Hundred 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.

Analysts Set New Price Targets

AFLYY has been the subject of a number of recent analyst reports. 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 upgraded Air France-KLM from a “reduce” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Citigroup reissued a “neutral” rating on shares of Air France-KLM in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Air France-KLM presently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The firm has a market cap of $3.78 billion, a PE ratio of 2.57 and a beta of 1.53. The firm has a 50-day moving average price of $1.22 and a two-hundred day moving average price of $1.26. 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 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.