Cathay Pacific Airways (OTCMKTS:CPCAY) Downgraded to Sell at Zacks Investment Research

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

Several other equities analysts have also commented on CPCAY. HSBC raised Cathay Pacific Airways from a “hold” rating to a “buy” rating in a report on Monday, February 7th. JPMorgan Chase & Co. lowered Cathay Pacific Airways from a “neutral” rating to an “underweight” rating in a report on Wednesday, January 26th.

OTCMKTS:CPCAY traded up $0.25 during trading hours on Thursday, hitting $5.06. The company’s stock had a trading volume of 7,910 shares, compared to its average volume of 5,882. The stock has a fifty day moving average of $4.86 and a 200-day moving average of $4.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.67 and a current ratio of 0.67. Cathay Pacific Airways has a 52-week low of $3.76 and a 52-week high of $5.35.

Cathay Pacific Airways Company Profile (Get Rating)

Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and air cargo. The company conducts airline operations principally to and from Hong Kong. It also provides property investment, travel reward program, travel tour operator, financial, aircraft leasing and acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, aircraft engineering, cargo carriage, airport ground engineering support and equipment maintenance, and inventory technical management services.

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