Air France-KLM (OTCMKTS:AFLYY) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Air France-KLM SA (OTCMKTS:AFLYY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.87 and traded as high as $1.05. Air France-KLM shares last traded at $1.03, with a volume of 20,448 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AFLYY. Barclays lowered shares of Air France-KLM from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 15th. Citigroup lowered shares of Air France-KLM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Air France-KLM in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Air France-KLM Stock Performance

The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 2.69 and a beta of 1.58. The firm’s 50 day moving average is $0.85 and its 200-day moving average is $0.87.

Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Thursday, March 6th. The transportation company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $7.71 billion. Air France-KLM had a negative return on equity of 53.38% and a net margin of 2.47%. As a group, research analysts predict that Air France-KLM SA will post 0.21 EPS for the current 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.