Cathay Pacific Airways Ltd (OTC:CPCAY) was upgraded by research analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research report issued on Friday, reports.

Cathay Pacific Airways (OTC:CPCAY) traded up 1.74% on Friday, reaching $7.60. The company’s stock had a trading volume of 542 shares. The firm’s 50 day moving average price is $7.77 and its 200-day moving average price is $7.41. The company’s market capitalization is $5.98 billion. Cathay Pacific Airways has a 52 week low of $6.36 and a 52 week high of $8.15.

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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 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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