Zacks Research upgraded shares of Qantas Airways (OTCMKTS:QABSY – Free Report) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.
Qantas Airways Trading Down 2.0%
OTCMKTS:QABSY opened at $34.32 on Monday. Qantas Airways has a 52-week low of $28.15 and a 52-week high of $41.65. The business’s fifty day moving average is $35.82 and its 200 day moving average is $33.67.
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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