Cathay Pacific Airways Ltd. (CPCAY) Lowered to “Sell” at Zacks Investment Research
Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
According to Zacks, “CATHAY PACIFIC AIRWAY’s principal activity is the operation of an international airline based and registered in Hong Kong. Other activities include airline catering, aircraft handling and engineering. The Group offers scheduled passenger and cargo services to 62 destinations around the world. It operates in Hong Kong, Mainland China, Japan, Korea, Taiwan, South East Asia, Middle East, Europe, Pacific and South Africa. “
Separately, Goldman Sachs Group, Inc. (The) upgraded Cathay Pacific Airways from a “neutral” rating to a “buy” rating in a research note on Thursday.
Cathay Pacific Airways (CPCAY) traded up 1.74% during trading on Friday, reaching $7.60. The company’s stock had a trading volume of 542 shares. Cathay Pacific Airways has a 1-year low of $6.36 and a 1-year high of $8.15. The stock’s market cap is $5.98 billion. The company’s 50 day moving average price is $7.77 and its 200-day moving average price is $7.41.
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About Cathay Pacific Airways
Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates its businesses 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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