Qantas Airways’s “Underperform” Rating Reaffirmed at Credit Suisse (QAN)
Qantas Airways (ASX:QAN)‘s stock had its “underperform” rating restated by Credit Suisse in a research note issued on Thursday, StockRatingsNetwork.com reports.
Qantas Airways (ASX:QAN) remained flat at A$1.490 during during mid-day trading trading on Thursday. The stock had a trading volume of 4,462,431 shares. Qantas Airways has a one year low of A$1.180 and a one year high of A$1.900. The stock has a 50-day moving average of A$1.37 and a 200-day moving average of A$1.50. The company has a market cap of A$3.306 billion and a P/E ratio of 745.00.
A number of other firms have also recently commented on QAN. Analysts at CIMB reiterated an “outperform” rating on shares of Qantas Airways (ASX:QAN) in a research note to investors on Friday, September 27th. Separately, 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, September 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of A$1.74 ($1.63).
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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