China Southern Airlines Co (NYSE:ZNH) was upgraded by equities research analysts at BNP Paribas from a “reduce” rating to a “buy” rating in a report released on Tuesday.
China Southern Airlines (NYSE:ZNH) opened at 28.68 on Tuesday. China Southern Airlines has a 12-month low of $25.14 and a 12-month high of $42.96. The stock has a 50 day moving average of $31.11 and a 200 day moving average of $30.92. The company has a market cap of $5.63 billion, a PE ratio of 10.82 and a beta of 1.42.
Large investors have recently made changes to their positions in the stock. Aperio Group LLC increased its stake in shares of China Southern Airlines by 5.5% in the first quarter. Aperio Group LLC now owns 16,376 shares of the company’s stock valued at $512,000 after buying an additional 852 shares during the period. U S Global Investors Inc. increased its stake in shares of China Southern Airlines by 209.6% in the second quarter. U S Global Investors Inc. now owns 14,550 shares of the company’s stock valued at $481,000 after buying an additional 9,850 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of China Southern Airlines during the second quarter valued at $196,000. 0.41% of the stock is owned by institutional investors.
About China Southern Airlines
China Southern Airlines Company Limited is engaged in airline operations. The Company also operates certain airline related businesses, including provision of aircraft maintenance and air catering services. The Company operates through the airline transportation operations segment. The Company’s other segments consist primarily of business segments of hotel and tour operation, ground services, cargo handling and other miscellaneous services.
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