Zacks Investment Research cut shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

According to Zacks, “CATHAY PACIFIC AIRWAY’s principal activity is the operation of an international airline based and registered in Hong Kong. Other activities include airline catering, aircraft handling and engineering. The Group offers scheduled passenger and cargo services to 62 destinations around the world. It operates in Hong Kong, Mainland China, Japan, Korea, Taiwan, South East Asia, Middle East, Europe, Pacific and South Africa. “

Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) traded down 0.71% on Thursday, hitting $7.03. The stock had a trading volume of 1,006 shares. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 9.76 and a beta of 1.23. The firm’s 50-day moving average is $7.33 and its 200-day moving average is $7.83. Cathay Pacific Airways has a one year low of $6.99 and a one year high of $10.12.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is an international airline. The Company offers scheduled passenger and cargo services to approximately 180 destinations in over 50 countries and territories. The Company operates through two segments: airline business and non-airline business. The airline business segment comprises the Company’s passenger and cargo operations.

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