Qantas Airways Stock Rating Reaffirmed by Credit Suisse (QAN)
Qantas Airways (ASX:QAN)‘s stock had its “underperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Analyst Ratings News reports.
Shares of Qantas Airways (ASX:QAN) traded up 4.63% on Friday, hitting A$1.470. 10,778,338 shares of the company’s stock traded hands. Qantas Airways has a one year low of A$1.095 and a one year high of A$1.900. The stock has a 50-day moving average of A$1.29 and a 200-day moving average of A$1.51. The company has a market cap of A$3.261 billion and a price-to-earnings ratio of 702.50.
QAN has been the subject of a number of other recent research reports. Analysts at Commonwealth Bank upgraded shares of Qantas Airways from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, October 4th. Separately, analysts at CIMB reiterated an “outperform” rating on shares of Qantas Airways in a research note to investors on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of A$1.74 ($1.64).
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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