Cathay Pacific Airways Ltd. (CPCAY) Rating Increased to Hold at Zacks Investment Research
Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and 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 report on Thursday, August 17th.
Cathay Pacific Airways (OTCMKTS:CPCAY) traded up 1.48% on Friday, hitting $7.55. 1,939 shares of the stock traded hands. The stock has a 50 day moving average of $7.57 and a 200 day moving average of $7.46. The firm’s market capitalization is $5.94 billion. Cathay Pacific Airways has a 52 week low of $6.36 and a 52 week high of $8.15.
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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