Qantas Airways Stock Rating Upgraded by CIMB (QAN)
Qantas Airways (ASX:QAN) was upgraded by equities research analysts at CIMB to a “hold” rating in a research note issued to investors on Friday, Analyst RN reports. The firm currently has a $1.39 price objective on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Qantas Airways in a research note on Tuesday, December 24th. They now have a $300.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Qantas Airways presently has a consensus rating of “Hold” and an average target price of A$101.12 ($90.28).
Qantas Airways (ASX:QAN) traded up 2.53% on Friday, hitting A$1.215. The stock had a trading volume of 22,197,684 shares. Qantas Airways has a one year low of A$0.952 and a one year high of A$1.900. The stock has a 50-day moving average of A$1.10 and a 200-day moving average of A$1.23. The company has a market cap of A$2.696 billion and a price-to-earnings ratio of 592.50.
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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