Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

Cathay Pacific Airways (OTCMKTS CPCAY) opened at 7.64 on Tuesday. Cathay Pacific Airways has a 1-year low of $6.36 and a 1-year high of $8.33. The stock has a 50 day moving average price of $7.83 and a 200 day moving average price of $7.37. The firm’s market cap is $6.01 billion.

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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 its businesses 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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