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

Shares of Air France-KLM SA (OTCMKTS:AFLYY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.85 and traded as high as $0.89. Air France-KLM shares last traded at $0.85, with a volume of 6,734 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AFLYY. Barclays cut Air France-KLM from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 15th. Citigroup cut Air France-KLM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley cut Air France-KLM from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, Air France-KLM has an average rating of “Hold”.

Air France-KLM Price Performance

The firm has a fifty day simple moving average of $0.80 and a 200 day simple moving average of $0.85. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 2.19 and a beta of 1.61.

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.