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
The company has a fifty day moving average price of $35.12 and a two-hundred day moving average price of $33.30.
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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