Qantas Airways (OTCMKTS:QABSY – Get Free Report) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.
Qantas Airways Stock Performance
Shares of QABSY opened at $32.31 on Monday. The stock’s fifty day moving average price is $31.41 and its two-hundred day moving average price is $32.98. Qantas Airways has a 1 year low of $28.15 and a 1 year high of $41.65.
About Qantas Airways
Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.
Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.
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