Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) saw an uptick in trading volume on Monday . 4,890 shares changed hands during trading, an increase of 103% from the previous session’s volume of 2,406 shares.The stock last traded at $7.6525 and had previously closed at $7.80.
Analyst Ratings Changes
Separately, Citigroup downgraded Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.
Check Out Our Latest Report on CPCAY
Cathay Pacific Airways Stock Down 0.1%
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.
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