Qantas Airways Stock Rating Upgraded by CIMB (QAN)

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Qantas Airways (ASX:QAN) was upgraded by equities researchers at CIMB to a “hold” rating in a research report issued on Friday, AnalystRatingsNetwork reports. The firm currently has a $1.39 price target on the stock.

Shares of Qantas Airways (ASX:QAN) opened at 1.225 on Friday. Qantas Airways has a one year low of A$0.952 and a one year high of A$1.900. The stock has a 50-day moving average of A$1.10 and a 200-day moving average of A$1.23. The company has a market cap of A$2.718 billion and a price-to-earnings ratio of 620.00.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Qantas Airways in a research note on Tuesday, December 24th. They now have a $300.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of A$101.12 ($91.92).

Qantas Airways Limited is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program.

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