Air France-KLM (OTCMKTS:AFLYY) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Air France-KLM SA (OTCMKTS:AFLYY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.86 and traded as high as $0.93. Air France-KLM shares last traded at $0.89, with a volume of 37,184 shares.

Analysts Set New Price Targets

AFLYY has been the topic of a number of analyst reports. Barclays lowered Air France-KLM from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 15th. Redburn Atlantic upgraded shares of Air France-KLM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Morgan Stanley reissued an “underweight” rating on shares of Air France-KLM in a research note on Friday, March 7th. Citigroup lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group downgraded Air France-KLM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Air France-KLM currently has an average rating of “Hold”.

Air France-KLM Stock Up 0.8 %

The business’s fifty day moving average is $0.91 and its 200-day moving average is $0.86. The stock has a market capitalization of $2.34 billion, a PE ratio of 2.28 and a beta of 1.50.

Air France-KLM (OTCMKTS:AFLYY) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. The business had revenue of $7.54 billion during the quarter, compared to the consensus estimate of $7.39 billion. As a group, sell-side analysts anticipate that Air France-KLM SA will post 0.21 EPS for the current fiscal year.

About Air France-KLM

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.