Shares of United Continental Holdings Inc. (NYSE:UAL) rose 4.9% during mid-day trading on Friday . The stock traded as high as $48.22 and last traded at $48.17, with a volume of 2,834,715 shares changing hands. The stock had previously closed at $45.90.

UAL has been the subject of several recent research reports. Credit Suisse Group AG reaffirmed an “underweight” rating on shares of United Continental Holdings in a research report on Saturday, June 25th. Zacks Investment Research downgraded shares of United Continental Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 16th. Vetr raised shares of United Continental Holdings from a “hold” rating to a “strong-buy” rating and set a $60.67 price objective for the company in a research report on Monday, May 23rd. Deutsche Bank AG raised shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Tuesday, July 12th. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $52.00 price objective on shares of United Continental Holdings in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.90.

The stock’s 50 day moving average price is $44.33 and its 200-day moving average price is $49.23. The company has a market cap of $15.61 billion and a P/E ratio of 2.65.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.17. During the same quarter last year, the firm earned $3.31 earnings per share. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.36 billion. On average, equities analysts anticipate that United Continental Holdings Inc. will post $7.98 EPS for the current fiscal year.

Other hedge funds and institutional investors have modified their holdings of the company. American International Group Inc. raised its position in shares of United Continental Holdings by 3.4% in the fourth quarter. American International Group Inc. now owns 146,524 shares of the company’s stock worth $8,395,000 after buying an additional 4,773 shares during the period. BlackRock Investment Management LLC raised its position in shares of United Continental Holdings by 2.8% in the fourth quarter. BlackRock Investment Management LLC now owns 2,171,857 shares of the company’s stock worth $124,447,000 after buying an additional 58,995 shares during the period. BlackRock Advisors LLC raised its position in shares of United Continental Holdings by 20.1% in the fourth quarter. BlackRock Advisors LLC now owns 3,262,289 shares of the company’s stock worth $186,929,000 after buying an additional 546,342 shares during the period. Westfield Capital Management Co. LP raised its position in shares of United Continental Holdings by 3.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 3,444,077 shares of the company’s stock worth $197,346,000 after buying an additional 117,266 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in shares of United Continental Holdings during the fourth quarter worth approximately $1,490,000.

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of approximately 5,000 flights a day to over 340 airports across six continents from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

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