Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $9.16 and last traded at $9.16, with a volume of 512 shares traded. The stock had previously closed at $8.9614.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CPCAY shares. Citigroup raised shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. Zacks Research downgraded shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Report on CPCAY
Cathay Pacific Airways Stock Up 1.7%
About Cathay Pacific Airways
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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