CATHAY PAC AIRW/S (OTCMKTS:CPCAY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of CATHAY PAC AIRW/S (OTCMKTS:CPCAY) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, 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. “

CPCAY opened at $7.14 on Tuesday. CATHAY PAC AIRW/S has a 52-week low of $6.20 and a 52-week high of $8.97.



The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, May 20th. Stockholders of record on Tuesday, April 2nd were paid a $0.112 dividend. The ex-dividend date was Monday, April 1st. CATHAY PAC AIRW/S’s dividend payout ratio (DPR) is presently 57.89%.

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.

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