CATHAY PAC AIRW/S (OTCMKTS:CPCAY) Stock Rating Upgraded by Zacks Investment Research

CATHAY PAC AIRW/S (OTCMKTS:CPCAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

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. “

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. initiated coverage on CATHAY PAC AIRW/S in a research report on Monday, December 16th. They set an “underweight” rating on the stock. ValuEngine raised CATHAY PAC AIRW/S from a “hold” rating to a “buy” rating in a report on Saturday, January 18th.

CPCAY traded up $0.03 on Wednesday, hitting $6.52. 5,880 shares of the company were exchanged, compared to its average volume of 15,971. The stock’s fifty day moving average is $6.71 and its 200-day moving average is $6.59. CATHAY PAC AIRW/S has a 12 month low of $5.97 and a 12 month high of $8.97. The company has a market cap of $5.15 billion, a PE ratio of 17.16, a PEG ratio of 27.29 and a beta of 1.05.

About CATHAY PAC AIRW/S

Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services to approximately 200 destinations in Asia, North America, Australia, Europe, and Africa. It operates in two segments, Airline Business and Non-Airline Business. The company conducts airline operations principally to and from Hong Kong.

Read More: Investing in Dividend Stocks

Get a free copy of the Zacks research report on CATHAY PAC AIRW/S (CPCAY)

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

Receive News & Ratings for CATHAY PAC AIRW/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CATHAY PAC AIRW/S and related companies with MarketBeat.com's FREE daily email newsletter.