Air China Ltd. (OTCMKTS:AIRYY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $8.95, but opened at $9.92. Air China shares last traded at $9.92, with a volume of 1,250 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Air China to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Air China has an average rating of “Hold”.
Read Our Latest Research Report on Air China
Air China Stock Performance
The firm has a market cap of $8.65 billion, a P/E ratio of -10.55 and a beta of 0.11. The firm has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $12.17.
Air China (OTCMKTS:AIRYY – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.73) by $0.79. Air China had a negative return on equity of 14.97% and a negative net margin of 3.02%. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.57 billion. Research analysts predict that Air China Ltd. will post -0.91 earnings per share for the current fiscal year.
About Air China
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.
Further Reading
- Five stocks we like better than Air China
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Air China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air China and related companies with MarketBeat.com's FREE daily email newsletter.
