Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report) fell 1.3% on Thursday . The company traded as low as $32.04 and last traded at $32.26. Approximately 47,310 shares traded hands during trading, an increase of 102% from the average session volume of 23,399 shares. The stock had previously closed at $32.70.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Qantas Airways from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Research Report on QABSY
Qantas Airways Stock Performance
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.
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