Air China (AIRYY) Upgraded to “Buy” by Jefferies Financial Group
Jefferies Financial Group upgraded shares of Air China (OTCMKTS:AIRYY) from an underperform rating to a buy rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. Jefferies Financial Group also issued estimates for Air China’s FY2018 earnings at $0.81 EPS, FY2019 earnings at $0.96 EPS and FY2020 earnings at $1.28 EPS.
Several other equities analysts have also recently issued reports on the company. Daiwa Capital Markets upgraded Air China from an underperform rating to a neutral rating in a research report on Monday, August 6th. ValuEngine upgraded Air China from a sell rating to a hold rating in a research report on Wednesday, July 25th. JPMorgan Chase & Co. cut Air China from an overweight rating to a neutral rating in a research report on Wednesday, July 18th. Finally, Zacks Investment Research upgraded Air China from a strong sell rating to a hold rating in a research report on Wednesday, July 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold.
AIRYY opened at $19.03 on Wednesday. The stock has a market cap of $4.34 billion, a PE ratio of 11.00, a PEG ratio of -5.73 and a beta of 1.83. Air China has a one year low of $16.15 and a one year high of $32.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.24 and a current ratio of 0.26.
Air China Company Profile
Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. It operates through Airline Operations and Other Operations segments.
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