Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as $28.03 and last traded at $28.0690, with a volume of 67,906 shares changing hands. The stock had previously closed at $28.86.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded Qantas Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Read Our Latest Report on QABSY
Qantas Airways Stock Down 2.7%
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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