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Qantas Airways (ASX:QAN) was upgraded by equities research analysts at CIMB to a “hold” rating in a research note issued to investors on Sunday, StockRatingsNetwork reports. The firm currently has a $1.39 price target on the stock.

Qantas Airways (ASX:QAN) opened at 1.250 on Friday. Qantas Airways has a 52 week low of A$0.952 and a 52 week high of A$1.900. The stock’s 50-day moving average is A$1.11 and its 200-day moving average is A$1.23. The company has a market cap of A$2.773 billion and a price-to-earnings ratio of 595.00.

QAN has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of A$101.12 ($91.92).

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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