Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) shares saw an uptick in trading volume on Thursday. Approximately 7,403 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 4,588 shares. The stock last traded at $8.50 and had previously closed at $8.74.
Analysts Set New Price Targets
Separately, Citigroup upgraded shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Report on CPCAY
Cathay Pacific Airways Stock Performance
The business has a 50-day moving average price of $9.07 and a 200 day moving average price of $8.50.
About Cathay Pacific Airways
Cathay Pacific Airways Limited is the flag carrier of Hong Kong and the principal operating airline of the Cathay Group. The company provides scheduled passenger and air cargo services through its Cathay Pacific brand, connecting Hong Kong with destinations across Asia, Europe, North America, Oceania, the Middle East and Africa. Hong Kong International Airport serves as its primary hub.
In addition to passenger transportation, Cathay Pacific operates Cathay Cargo, which provides air freight services for commercial shipments, specialized cargo and logistics customers.
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