Shares of Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $28.8250, but opened at $27.82. Qantas Airways shares last traded at $28.9450, with a volume of 4,389 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Qantas Airways currently has an average rating of “Sell”.
View Our Latest Analysis on QABSY
Qantas Airways Trading Down 0.7%
The stock’s fifty day moving average price is $32.64 and its 200-day moving average price is $33.15.
About Qantas Airways
Qantas Airways Limited is an Australian aviation company and the country’s national flag carrier. Founded in 1920, the company operates passenger and freight services under the Qantas brand and provides air transportation to domestic and international destinations.
Qantas serves major cities and regional communities across Australia, along with destinations in the Asia-Pacific region, North America, Europe and other international markets. Its operations include scheduled flights, cargo transportation and related travel services.
The company also operates Jetstar, a low-cost airline serving Australia, New Zealand and selected international markets.
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