Cathay Pacific Airways (OTCMKTS:CPCAY – Get Free Report) was downgraded by equities researchers at Citigroup from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.
Cathay Pacific Airways Stock Performance
Shares of CPCAY stock opened at $7.80 on Monday. The stock’s fifty day simple moving average is $7.80 and its 200 day simple moving average is $7.33. Cathay Pacific Airways has a twelve month low of $5.48 and a twelve month high of $8.29.
About Cathay Pacific Airways
Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.
Established in 1946 by American entrepreneur Roy C.
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