China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Lifted to “Buy” at UBS Group

UBS Group upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a neutral rating to a buy rating in a report issued on Monday, The Fly reports.

A number of other research analysts have also issued reports on CEA. Goldman Sachs Group lowered shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research note on Wednesday, July 10th. Credit Suisse Group lowered shares of Air China from a neutral rating to an underperform rating in a research note on Monday, June 10th. Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. Finally, ValuEngine lowered shares of Yara International ASA from a hold rating to a sell rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. China Eastern Airlines Corp. Ltd. ADR Class H currently has an average rating of Buy and an average target price of $33.00.

Shares of China Eastern Airlines Corp. Ltd. ADR Class H stock opened at $29.26 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.23 and a quick ratio of 0.21. China Eastern Airlines Corp. Ltd. ADR Class H has a 12-month low of $25.68 and a 12-month high of $42.50. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 0.35 and a beta of 1.61. The company’s 50 day moving average is $28.75.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last issued its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a net margin of 2.31% and a return on equity of 4.32%. The business had revenue of $4.45 billion for the quarter. Equities research analysts anticipate that China Eastern Airlines Corp. Ltd. ADR Class H will post 3.32 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in CEA. Jane Street Group LLC boosted its position in China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% during the fourth quarter. Jane Street Group LLC now owns 26,109 shares of the transportation company’s stock valued at $715,000 after buying an additional 11,309 shares during the period. Private Capital Group LLC boosted its position in China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% during the first quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock valued at $78,000 after buying an additional 776 shares during the period. Finally, Comerica Bank purchased a new stake in China Eastern Airlines Corp. Ltd. ADR Class H during the first quarter valued at about $274,000. Hedge funds and other institutional investors own 0.08% of the company’s stock.

China Eastern Airlines Corp. Ltd. ADR Class H Company Profile

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services.

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