CIMB Reiterates Outperform Rating for Qantas Airways (QAN)
Qantas Airways (ASX:QAN)‘s stock had its “outperform” rating restated by equities researchers at CIMB in a research report issued on Friday, American Banking & Market News reports.
Shares of Qantas Airways (ASX:QAN) traded down 0.33% on Friday, hitting A$1.510. 5,658,392 shares of the company’s stock traded hands. Qantas Airways has a 52-week low of A$1.180 and a 52-week 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$3.350 billion and a price-to-earnings ratio of 757.50.
Several other analysts have also recently commented on the stock. Analysts at Commonwealth Bank upgraded shares of Qantas Airways (ASX:QAN) from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. Finally, 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 equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of A$1.81 ($1.70).
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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