China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Shares Cross Above 200-Day Moving Average of $30.98

Shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.98 and traded as high as $24.80. China Eastern Airlines Corp. Ltd. ADR Class H shares last traded at $24.79, with a volume of 525 shares.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut China Eastern Airlines Corp. Ltd. ADR Class H from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Credit Suisse Group cut China Eastern Airlines Corp. Ltd. ADR Class H from a “neutral” rating to an “underperform” rating in a report on Monday, June 10th. UBS Group raised China Eastern Airlines Corp. Ltd. ADR Class H from a “neutral” rating to a “buy” rating in a report on Monday, July 15th. Finally, Goldman Sachs Group raised China Eastern Airlines Corp. Ltd. ADR Class H from a “neutral” rating to a “buy” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. China Eastern Airlines Corp. Ltd. ADR Class H currently has an average rating of “Buy” and a consensus price target of $33.00.

The firm has a fifty day moving average of $27.70 and a 200-day moving average of $30.98. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.26 and a beta of 1.62. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 2.02.

A number of hedge funds have recently modified their holdings of the stock. Private Capital Group LLC raised its holdings in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% in the first quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock worth $78,000 after acquiring an additional 776 shares during the last quarter. Comerica Bank acquired a new position in shares of China Eastern Airlines Corp. Ltd. ADR Class H in the first quarter worth $274,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 23.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,940 shares of the transportation company’s stock worth $145,000 after acquiring an additional 940 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of China Eastern Airlines Corp. Ltd. ADR Class H by 176.9% in the second quarter. Jane Street Group LLC now owns 42,801 shares of the transportation company’s stock worth $1,259,000 after acquiring an additional 27,342 shares during the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of China Eastern Airlines Corp. Ltd. ADR Class H in the second quarter worth $1,167,000. 0.12% of the stock is owned by hedge funds and other institutional investors.

About China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA)

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services.

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