Zacks Investment Research Upgrades CATHAY PAC AIRW/S (OTCMKTS:CPCAY) to Hold

Zacks Investment Research upgraded shares of CATHAY PAC AIRW/S (OTCMKTS:CPCAY) from a sell rating to a hold rating in a report issued on Monday, 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. “

OTCMKTS:CPCAY opened at $7.79 on Monday. The company has a market cap of $6.06 billion, a PE ratio of 20.50, a PEG ratio of 9.14 and a beta of 0.95. The business has a 50 day moving average of $7.31. CATHAY PAC AIRW/S has a 12 month low of $6.20 and a 12 month high of $8.97.


Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services to approximately 200 destinations in Asia, North America, Australia, Europe, and Africa. It operates in two segments, Airline Business and Non-Airline Business. The company conducts airline operations principally to and from Hong Kong.

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