Qantas Airways (OTCMKTS:QABSY) Cut to “Strong Sell” at Zacks Research

Qantas Airways (OTCMKTS:QABSY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Qantas Airways Price Performance

Shares of OTCMKTS:QABSY opened at $36.56 on Tuesday. The firm has a 50 day moving average of $33.32 and a 200 day moving average of $33.47. Qantas Airways has a 52 week low of $28.15 and a 52 week high of $41.65.

Qantas Airways Company Profile

Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.

Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.