Qantas Airways Upgraded by CIMB to “Hold” (QAN)

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Qantas Airways (ASX:QAN) was upgraded by research analysts at CIMB to a “hold” rating in a report released on Friday, American Banking News.com reports. The firm currently has a $1.39 price objective on the stock.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Qantas Airways in a research note on Tuesday, December 24th. They now have a $300.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Qantas Airways has a consensus rating of “Hold” and an average price target of A$101.12 ($90.28).

Qantas Airways (ASX:QAN) opened at 1.115 on Friday. Qantas Airways has a one year low of A$0.952 and a one year high of A$1.900. The stock’s 50-day moving average is A$1.09 and its 200-day moving average is A$1.23. The company has a market cap of A$2.474 billion and a price-to-earnings ratio of 550.00.

Qantas Airways Limited is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program.

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