China Eastern Airlines Corporation Ltd. (NYSE:CEA) – Investment analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of China Eastern Airlines Corporation in a research note issued to investors on Wednesday. Jefferies Group analyst A. Lee forecasts that the transportation company will post earnings of $4.20 per share for the year. Jefferies Group also issued estimates for China Eastern Airlines Corporation’s FY2018 earnings at $2.37 EPS and FY2019 earnings at $2.90 EPS.

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Separately, BidaskClub cut shares of China Eastern Airlines Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

Shares of China Eastern Airlines Corporation (NYSE:CEA) opened at 27.27 on Friday. China Eastern Airlines Corporation has a 12 month low of $21.38 and a 12 month high of $30.90. The company has a market capitalization of $7.89 billion, a P/E ratio of 9.40 and a beta of 1.24. The stock’s 50 day moving average is $27.33 and its 200 day moving average is $28.29.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Group LLC lifted its stake in shares of China Eastern Airlines Corporation by 3.4% in the 2nd quarter. Renaissance Group LLC now owns 520,731 shares of the transportation company’s stock valued at $15,934,000 after purchasing an additional 17,088 shares during the period. U S Global Investors Inc. lifted its stake in shares of China Eastern Airlines Corporation by 78.4% in the 2nd quarter. U S Global Investors Inc. now owns 40,353 shares of the transportation company’s stock valued at $1,116,000 after purchasing an additional 17,736 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of China Eastern Airlines Corporation by 2.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,688 shares of the transportation company’s stock valued at $235,000 after purchasing an additional 155 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of China Eastern Airlines Corporation by 0.9% in the 2nd quarter. Wells Fargo & Company MN now owns 338,176 shares of the transportation company’s stock valued at $10,349,000 after purchasing an additional 3,010 shares during the period. Hedge funds and other institutional investors own 0.43% of the company’s stock.

About China Eastern Airlines Corporation

China Eastern Airlines Corporation Limited is a China-based company principally engaged in the provision of airline transportation and extended services. The Company is primarily engaged in the operation of airline passenger, cargo, mail delivery, tour operations and other extended transportation services.

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