Cathay Pacific Airways (OTCMKTS:CPCAY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Cathay Pacific Airways (OTCMKTS:CPCAY) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Separately, Citigroup downgraded Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Cathay Pacific Airways Stock Up 2.7%

Cathay Pacific Airways stock opened at $8.86 on Wednesday. Cathay Pacific Airways has a twelve month low of $5.48 and a twelve month high of $9.10. The stock’s fifty day simple moving average is $8.04 and its 200-day simple moving average is $7.44.

About Cathay Pacific Airways

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.