Zacks Research cut shares of Qantas Airways (OTCMKTS:QABSY – Free Report) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.
Qantas Airways Price Performance
OTCMKTS:QABSY opened at $36.56 on Tuesday. Qantas Airways has a 1 year low of $28.15 and a 1 year high of $41.65. The stock has a 50-day moving average price of $33.32 and a two-hundred day moving average price of $33.47.
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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