Zacks Investment Research upgraded shares of China Eastern Airlines Corp. (NYSE:CEA) from a strong sell rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “China Eastern is involved in the Transportation Industry, and is the primary air carrier serving Shanghai, China’s eastern gateway. “

China Eastern Airlines Corp. (NYSE:CEA) opened at 22.62 on Tuesday. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 6.96 and a beta of 1.22. The stock’s 50 day moving average is $23.13 and its 200-day moving average is $25.77. China Eastern Airlines Corp. has a 52-week low of $20.93 and a 52-week high of $31.59.

The business also recently disclosed an annual dividend, which will be paid on Monday, December 19th. Investors of record on Monday, October 31st will be given a dividend of $0.344 per share. The ex-dividend date of this dividend is Thursday, October 27th. China Eastern Airlines Corp.’s dividend payout ratio (DPR) is 10.03%.

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China Eastern Airlines Corp. Company Profile

China Eastern Airlines Corporation Limited is an air carrier. The Company and its subsidiaries are engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery, tour operations and other extended transportation services. The Company operates through the airline transportation operations segment.

5 Day Chart for NYSE:CEA

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