Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report) shares gapped up prior to trading on Tuesday. The stock had previously closed at $30.72, but opened at $32.61. Qantas Airways shares last traded at $32.7299, with a volume of 1,316 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research lowered Qantas Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on Qantas Airways
Qantas Airways Price Performance
The business’s 50-day moving average is $31.32 and its 200 day moving average is $33.15.
Qantas Airways Company Profile
Qantas Airways Limited is Australia’s national airline and one of the country’s largest aviation groups. Founded in 1920, the company operates scheduled passenger services under the Qantas brand, connecting Australian cities with destinations across New Zealand, Asia, Europe, North America and the Pacific. Its domestic and international operations serve business and leisure travelers through a network of regular flights.
The Qantas Group also operates Jetstar, a low-cost airline serving Australia and selected international markets.
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