Cathay Pacific Airways Ltd. (CPCAY) Rating Lowered to Underperform at Jefferies Group

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was downgraded by Jefferies Group from a “hold” rating to an “underperform” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research lowered shares of Cathay Pacific Airways from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th.

Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) opened at 6.72 on Thursday. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 9.33 and a beta of 1.10. Cathay Pacific Airways has a one year low of $6.49 and a one year high of $10.12. The company has a 50 day moving average of $7.12 and a 200-day moving average of $7.71.

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 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.

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