Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.12, but opened at $7.70. Cathay Pacific Airways shares last traded at $7.8650, with a volume of 846 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research cut Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on Cathay Pacific Airways
Cathay Pacific Airways Stock Down 1.2%
About Cathay Pacific Airways
Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.
Established in 1946 by American entrepreneur Roy C.
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