Cathay Pacific Airways (OTCMKTS:CPCAY) Raised to Strong-Buy at Zacks Research

Cathay Pacific Airways (OTCMKTS:CPCAY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Citigroup downgraded shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Cathay Pacific Airways Stock Up 2.7%

CPCAY stock opened at $8.86 on Wednesday. Cathay Pacific Airways has a fifty-two week low of $5.48 and a fifty-two week high of $9.10. The stock’s 50 day simple moving average is $8.04 and its 200 day simple moving average is $7.44.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.