Cathay Pacific Airways (OTCMKTS:CPCAY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Cathay Pacific Airways (OTCMKTS:CPCAY) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Separately, Citigroup lowered shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cathay Pacific Airways presently has an average rating of “Reduce”.

Cathay Pacific Airways Stock Performance

CPCAY opened at $7.48 on Monday. The company has a fifty day moving average price of $7.92 and a 200-day moving average price of $7.76. Cathay Pacific Airways has a one year low of $5.66 and a one year high of $9.10.

About Cathay Pacific Airways

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.