Air China Ltd. (OTCMKTS:AIRYY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $11.54, but opened at $10.4004. Air China shares last traded at $10.4004, with a volume of 503 shares.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut Air China from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Air China presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on AIRYY
Air China Price Performance
Air China (OTCMKTS:AIRYY – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.73) by $1.02. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $2.39 billion. Air China had a return on equity of 5.01% and a net margin of 1.12%.
About Air China
Air China Limited, trading on the OTCMKTS as AIRYY, is the flag carrier of the People’s Republic of China and one of the country’s major state-owned airlines. Established in 1988 following the restructuring of the Civil Aviation Administration of China (CAAC), Air China offers a broad range of air transportation services for passengers and cargo. Its core operations include scheduled domestic flights, international and regional routes, as well as charter services.
The airline operates a diverse fleet of Airbus and Boeing aircraft, serving more than 200 destinations across six continents.
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