Credit Suisse Reiterates “Underperform” Rating for Qantas Airways (QAN)
Qantas Airways (ASX:QAN)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse in a report released on Sunday, AR Network reports.
A number of other firms have also recently commented on QAN. Analysts at Commonwealth Bank reiterated an “overweight” rating on shares of Qantas Airways in a research note to investors on Monday, October 14th. Finally, analysts at CIMB reiterated an “outperform” rating on shares of Qantas Airways in a research note to investors on Friday, September 27th. One equities research 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. Qantas Airways presently has an average rating of “Buy” and a consensus price target of A$1.74 ($1.64).
Shares of Qantas Airways (ASX:QAN) opened at 1.430 on Friday. Qantas Airways has a one year low of A$1.095 and a one year high of A$1.900. The stock’s 50-day moving average is A$1.29 and its 200-day moving average is A$1.51. The company has a market cap of A$3.173 billion and a price-to-earnings ratio of 740.00.
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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