Qantas Airways Stock Rating Reaffirmed by Commonwealth Bank (QAN)
Qantas Airways (ASX:QAN)‘s stock had its “overweight” rating restated by Commonwealth Bank in a research note issued on Monday, Analyst Ratings Net reports.
Shares of Qantas Airways (ASX:QAN) traded down 1.70% during mid-day trading on Monday, hitting A$1.445. 3,993,108 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$3.206 billion and a P/E ratio of 735.00.
A number of other analysts have also recently weighed in on QAN. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Qantas Airways in a research note to investors on Friday. Finally, 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 currently 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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