Qantas Airways (OTCMKTS:QABSY – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.
Qantas Airways Trading Down 2.0%
Shares of QABSY opened at $34.32 on Monday. The stock has a fifty day moving average of $35.82 and a two-hundred day moving average of $33.67. Qantas Airways has a fifty-two week low of $28.15 and a fifty-two week high of $41.65.
About Qantas Airways
Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.
Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.
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