Cathay Pacific Airways Ltd. (CPCAY) Downgraded to “Sell” at Zacks Investment Research

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

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. “

Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) traded down 0.14% on Thursday, reaching $7.08. The company’s stock had a trading volume of 4,371 shares. The firm’s 50-day moving average price is $7.36 and its 200-day moving average price is $7.84. The stock has a market cap of $5.57 billion, a P/E ratio of 9.83 and a beta of 1.23. Cathay Pacific Airways has a 12 month low of $6.99 and a 12 month high of $10.12.

About Cathay Pacific Airways

Cathay Pacific Airways Limited is an international airline. The Company offers scheduled passenger and cargo services to approximately 180 destinations in over 50 countries and territories. The Company operates through two segments: airline business and non-airline business. The airline business segment comprises the Company’s passenger and cargo operations.

Get a free copy of the Zacks research report on Cathay Pacific Airways (CPCAY)

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

Receive News & Ratings for Cathay Pacific Airways Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cathay Pacific Airways Ltd. and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.