Jefferies Financial Group Initiates Coverage on Virgin Australia (OTCMKTS:VBHLF)

Jefferies Financial Group started coverage on shares of Virgin Australia (OTCMKTS:VBHLF) in a report released on Wednesday morning, The Fly reports. The brokerage issued a hold rating on the stock.

Shares of VBHLF stock traded down $0.01 on Wednesday, reaching $0.10. 2,300 shares of the company were exchanged, compared to its average volume of 2,675. Virgin Australia has a one year low of $0.10 and a one year high of $0.15.

About Virgin Australia

Virgin Australia Holdings Limited engages in the operation of domestic and international passenger and cargo airline business in Australia. The company operates through Virgin Australia Domestic, Virgin Australia International, Velocity, and Tigerair Australia segments. Its aircraft flies to domestic destinations, including regional network, charter, and cargo operations; and international destinations comprising Trans-Pacific, Trans-Tasman, Pacific Island, and South East Asian flying, as well as international cargo operations.

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The Fly

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