Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was downgraded by stock analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a research note issued on Thursday.

Separately, Zacks Investment Research lowered shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 2nd.

Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) opened at 6.65 on Thursday. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 9.24 and a beta of 1.10. Cathay Pacific Airways has a 52-week low of $6.62 and a 52-week high of $10.12. The firm’s 50 day moving average is $7.15 and its 200 day moving average is $7.73.

About Cathay Pacific Airways

Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation.

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