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.

COPYRIGHT VIOLATION NOTICE: “Cathay Pacific Airways Ltd. (CPCAY) Lowered to “Sell” at Zacks Investment Research” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/08/18/cathay-pacific-airways-ltd-cpcay-lowered-to-sell-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Cathay Pacific Airways (CPCAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cathay Pacific Airways Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay Pacific Airways Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.