Qantas Airways Rating Reiterated by Commonwealth Bank (QAN)
Qantas Airways (ASX:QAN)‘s stock had its “overweight” rating reaffirmed by analysts at Commonwealth Bank in a research report issued to clients and investors on Wednesday, Analyst RN reports.
Qantas Airways (ASX:QAN) opened at 1.240 on Wednesday. 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$1.41 and a 200-day moving average of A$1.44. The company has a market cap of A$2.751 billion and a P/E ratio of 622.50.
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 Sunday, October 20th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of A$1.96 ($1.88).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.