Cathay Pacific Airways Ltd. (CPCAY) Downgraded by Jefferies Group
Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was downgraded by analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a note issued to investors on Thursday, The Fly reports.
Separately, Zacks Investment Research lowered Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 2nd.
Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) opened at 6.65 on Thursday. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 9.24 and a beta of 1.10. The company has a 50-day moving average of $7.15 and a 200 day moving average of $7.73. Cathay Pacific Airways has a one year low of $6.62 and a one year high of $10.12.
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Cathay Pacific Airways Company Profile
Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation.
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