Zacks Investment Research Downgrades Cathay Pacific Airways (CPCAY) to Hold

Cathay Pacific Airways (OTCMKTS:CPCAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “CATHAY PACIFIC AIRWAY’s principal activity is the operation of an international airline based and registered in Hong Kong. Other activities include airline catering, aircraft handling and engineering. The Group offers scheduled passenger and cargo services to 62 destinations around the world. It operates in Hong Kong, Mainland China, Japan, Korea, Taiwan, South East Asia, Middle East, Europe, Pacific and South Africa. “

Separately, ValuEngine upgraded Cathay Pacific Airways from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th.

Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) opened at $8.41 on Friday. Cathay Pacific Airways has a 52 week low of $6.69 and a 52 week high of $9.54.

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Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates its businesses through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation.

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