Shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) saw unusually-high trading volume on Monday . 4,365 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 4,537 shares.The stock last traded at $8.50 and had previously closed at $8.5650.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Check Out Our Latest Research Report on Cathay Pacific Airways
Cathay Pacific Airways Trading Down 2.7%
Cathay Pacific Airways Company Profile
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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