Air China Ltd. (OTCMKTS:AIRYY – Get Free Report)’s share price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $9.49 and traded as high as $9.92. Air China shares last traded at $9.92, with a volume of 1,250 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Air China to a “hold” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Air China currently has an average rating of “Hold”.
Get Our Latest Stock Analysis on AIRYY
Air China Stock Performance
The firm’s fifty day moving average price is $9.49 and its two-hundred day moving average price is $12.17.
Air China (OTCMKTS:AIRYY – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.79. The company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.57 billion. Air China had a negative net margin of 3.02% and a negative return on equity of 14.97%. As a group, analysts anticipate that Air China Ltd. will post -0.91 EPS for the current fiscal year.
Air China Company Profile
Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.
Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.
Air China was established in 1988 and has developed into one of China’s largest airlines.
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