Zacks Investment Research upgraded shares of China Southern Airlines Co (NYSE:ZNH) from a sell rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “China Southern Airlines is one of the leading air transportation enterprises in China, especially in passenger volume and the total amount of tax and profit for the past three years. 27% market share in 1996 made it the biggest airlines in China. With the head office in Guangzhou, the southern entrance into China, it has branch fleet bases in the provinces of Henan, Hubei, Hunan, Hainan and the Special Economic Zone of Shenzhen. It is also the 60% shareholder of four regional airlines – Xiamen Airlines, Shantou Airlines, Guangxi Airlines and Zhuhai Airlines. “

Separately, BNP Paribas raised shares of China Southern Airlines from a reduce rating to a buy rating in a research note on Tuesday, September 27th.

China Southern Airlines (NYSE:ZNH) opened at 28.19 on Wednesday. The firm has a market cap of $5.49 billion, a P/E ratio of 6.71 and a beta of 0.94. China Southern Airlines has a 1-year low of $25.14 and a 1-year high of $39.98. The firm’s 50-day moving average price is $28.31 and its 200-day moving average price is $29.92.

Institutional investors have recently modified their holdings of the stock. U S Global Investors Inc. increased its position in shares of 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 valued at $481,000 after buying an additional 9,850 shares during the period. Bank of Montreal Can bought a new position in China Southern Airlines during the second quarter worth about $196,000. Credit Suisse AG bought a new position in China Southern Airlines during the third quarter worth about $957,000. Jane Street Group LLC bought a new position in China Southern Airlines during the third quarter worth about $699,000. Finally, Susquehanna International Group LLP increased its position in China Southern Airlines by 1,487.8% in the third quarter. Susquehanna International Group LLP now owns 11,369 shares of the company’s stock worth $320,000 after buying an additional 10,653 shares during the last quarter. 0.41% of the stock is owned by hedge funds and other institutional investors.

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China Southern Airlines Company Profile

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.

5 Day Chart for NYSE:ZNH

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