China Southern Airlines (NYSE:ZNH) Rating Lowered to Hold at HSBC

HSBC cut shares of China Southern Airlines (NYSE:ZNHGet Rating) from a buy rating to a hold rating in a research report released on Tuesday morning, Marketbeat.com reports.

A number of other research analysts have also weighed in on ZNH. Daiwa Capital Markets raised shares of China Southern Airlines from a hold rating to a buy rating in a research report on Monday, June 6th. StockNews.com upgraded shares of China Southern Airlines from a sell rating to a hold rating in a research note on Thursday, September 1st. Finally, Jefferies Financial Group downgraded shares of China Southern Airlines from a hold rating to an underperform rating in a research note on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, China Southern Airlines presently has a consensus rating of Hold.

China Southern Airlines Stock Up 0.0 %

China Southern Airlines stock opened at $26.83 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 1.59. The firm’s fifty day moving average price is $27.14 and its two-hundred day moving average price is $27.39. China Southern Airlines has a 1-year low of $23.50 and a 1-year high of $35.15. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of -3.08 and a beta of 1.07.

Hedge Funds Weigh In On China Southern Airlines

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its position in China Southern Airlines by 37.8% during the first quarter. Parallel Advisors LLC now owns 2,699 shares of the transportation company’s stock valued at $80,000 after purchasing an additional 741 shares during the last quarter. US Bancorp DE lifted its holdings in shares of China Southern Airlines by 55.4% in the 2nd quarter. US Bancorp DE now owns 2,155 shares of the transportation company’s stock worth $62,000 after acquiring an additional 768 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of China Southern Airlines by 7.6% in the 1st quarter. Bank of Montreal Can now owns 33,601 shares of the transportation company’s stock worth $1,000,000 after acquiring an additional 2,379 shares during the last quarter. UBS Group AG lifted its holdings in shares of China Southern Airlines by 335.8% in the 2nd quarter. UBS Group AG now owns 3,107 shares of the transportation company’s stock worth $90,000 after acquiring an additional 2,394 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of China Southern Airlines by 56.8% in the first quarter. Bank of America Corp DE now owns 7,538 shares of the transportation company’s stock worth $219,000 after buying an additional 2,732 shares during the period. 0.25% of the stock is currently owned by institutional investors.

China Southern Airlines Company Profile

(Get Rating)

China Southern Airlines Company Limited offers airline transportation services in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments, Airline Transportation Operations and Other Segments. It offers passenger, cargo, mail delivery, and other extended transportation services.

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Analyst Recommendations for China Southern Airlines (NYSE:ZNH)

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