Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $9.25, but opened at $9.00. Cathay Pacific Airways shares last traded at $9.00, with a volume of 150 shares.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Cathay Pacific Airways currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on CPCAY
Cathay Pacific Airways Stock Performance
Cathay Pacific Airways Company Profile
Cathay Pacific Airways Limited is a Hong Kong-based international airline and the flag carrier of Hong Kong. The company provides scheduled passenger and air cargo services, using Hong Kong International Airport as its principal hub. Its network connects Hong Kong with destinations across Asia, Europe, North America, the Middle East, Africa and the Southwest Pacific.
Founded in 1946 by Roy Farrell and Sydney de Kantzow, Cathay Pacific has developed into a global aviation group. Its operations include long-haul and regional passenger flights, cargo transportation and related aviation services.
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