Cathay Pacific Airways (CPCAY) Raised to Hold at ValuEngine

Cathay Pacific Airways (OTCMKTS:CPCAY) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research raised Cathay Pacific Airways from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Tuesday, October 17th.

Cathay Pacific Airways (OTCMKTS CPCAY) traded up $0.03 during trading on Thursday, reaching $7.84. The company had a trading volume of 805 shares, compared to its average volume of 1,022. Cathay Pacific Airways has a 12-month low of $6.69 and a 12-month high of $8.55.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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