Qantas Airways Upgraded by Commonwealth Bank to “Overweight” (QAN)
Qantas Airways (ASX:QAN) was upgraded by research analysts at Commonwealth Bank from a “neutral” rating to an “overweight” rating in a report released on Thursday, American Banking & Market News reports.
A number of other analysts have also recently weighed in on QAN. Analysts at CIMB reiterated an “outperform” rating on shares of Qantas Airways (ASX:QAN) in a research note to investors on Thursday, September 19th. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Qantas Airways (ASX:QAN) in a research note to investors on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Qantas Airways currently has an average rating of “Buy” and a consensus target price of A$1.81 ($1.70).
Shares of Qantas Airways (ASX:QAN) traded up 0.33% during mid-day trading on Thursday, hitting A$1.520. The stock had a trading volume of 3,952,573 shares. Qantas Airways has a one year low of A$1.180 and a one year high of A$1.900. The stock’s 50-day moving average is A$1.35 and its 200-day moving average is A$1.51. The company has a market cap of A$3.372 billion and a P/E ratio of 757.50.
Qantas Airways Limited is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program.
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