Qantas Airways Limited Receives “Underweight” Rating from JPMorgan Chase & Co. (QAN)
Qantas Airways Limited (ASX:QAN)‘s stock had its “underweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, Stock Ratings Network reports.
Shares of Qantas Airways Limited (ASX:QAN) traded down 0.41% during mid-day trading on Thursday, hitting A$1.215. 3,086,734 shares of the company’s stock traded hands. Qantas Airways Limited has a 1-year low of A$0.952 and a 1-year high of A$1.890. The stock has a 50-day moving average of A$1.14 and a 200-day moving average of A$1.15. The company’s market cap is A$2.694 billion.
A number of other analysts have also recently weighed in on QAN. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Qantas Airways Limited in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of A$1.39 ($1.29).
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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