CATHAY PAC AIRW/S (OTCMKTS:CPCAY) Upgraded at 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 report issued on Friday, 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. “

Separately, Morgan Stanley downgraded shares of CATHAY PAC AIRW/S from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 22nd.



Shares of CATHAY PAC AIRW/S stock traded up $0.15 during trading on Friday, reaching $6.83. 72,601 shares of the company traded hands, compared to its average volume of 11,673. CATHAY PAC AIRW/S has a 1-year low of $5.97 and a 1-year high of $8.97. The company has a 50 day moving average price of $7.20 and a 200-day moving average price of $7.79. The firm has a market capitalization of $5.34 billion, a PE ratio of 17.97, a P/E/G ratio of 7.22 and a beta of 0.95.

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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