China Southern Airlines Co (ZNH) Upgraded to “Buy” by BNP Paribas
China Southern Airlines (NYSE:ZNH) opened at 28.85 on Tuesday. The company’s 50-day moving average price is $31.24 and its 200-day moving average price is $30.94. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 10.89 and a beta of 1.42. China Southern Airlines has a one year low of $25.14 and a one year high of $42.96.
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in China Southern Airlines during the second quarter worth approximately $196,000. U S Global Investors Inc. increased its stake in China Southern Airlines by 209.6% in the second quarter. U S Global Investors Inc. now owns 14,550 shares of the company’s stock worth $481,000 after buying an additional 9,850 shares in the last quarter. Finally, Aperio Group LLC increased its stake in China Southern Airlines by 5.5% in the first quarter. Aperio Group LLC now owns 16,376 shares of the company’s stock worth $512,000 after buying an additional 852 shares in the last quarter. 0.41% of the stock is currently owned by hedge funds and other institutional investors.
About China Southern Airlines
China Southern Airlines Company Limited is engaged in airline operations. The Company also operates certain airline related businesses, including provision of aircraft maintenance and air catering services. The Company operates through the airline transportation operations segment. The Company’s other segments consist primarily of business segments of hotel and tour operation, ground services, cargo handling and other miscellaneous services.
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