Air China (OTCMKTS:AIRYY – Get Free Report) posted its earnings results on Thursday. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.79, Zacks reports. Air China had a negative return on equity of 6.03% and a negative net margin of 1.31%. The business had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.57 billion.
Air China Stock Performance
OTCMKTS AIRYY remained flat at $9.27 on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 194. The stock has a market capitalization of $8.09 billion, a P/E ratio of -23.77 and a beta of 0.13. The stock’s fifty day moving average is $9.57 and its two-hundred day moving average is $12.38. Air China has a 52-week low of $8.60 and a 52-week high of $19.00.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Air China to a “hold” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Air China currently has an average rating of “Hold”.
Get Our Latest Analysis on Air China
Air China Company Profile
Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.
Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.
Air China was established in 1988 and has developed into one of China’s largest airlines.
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