Qantas Airways (OTCMKTS:QABSY – Get Free Report) is anticipated to post its results before the market opens on Thursday, August 27th. Analysts expect the company to post earnings of $0.8660 per share and revenue of $8.8857 billion for the quarter.
Qantas Airways Stock Performance
OTCMKTS:QABSY opened at $33.02 on Tuesday. The company’s 50-day moving average is $35.84 and its two-hundred day moving average is $33.61. Qantas Airways has a 12-month low of $28.15 and a 12-month high of $41.65.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Qantas Airways from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.
About Qantas Airways
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.
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