Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $31.34 and traded as high as $32.73. Qantas Airways shares last traded at $32.39, with a volume of 29,786 shares.
Analysts Set New Price Targets
Separately, Zacks Research downgraded shares of Qantas Airways from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Qantas Airways currently has an average rating of “Sell”.
Get Our Latest Stock Report on Qantas Airways
Qantas Airways Stock Up 4.2%
The company has a 50-day simple moving average of $31.34 and a 200 day simple moving average of $33.16.
About Qantas Airways
Qantas Airways Limited is Australia’s national airline and one of the country’s largest aviation groups. Founded in 1920, the company operates scheduled passenger services under the Qantas brand, connecting Australian cities with destinations across New Zealand, Asia, Europe, North America and the Pacific. Its domestic and international operations serve business and leisure travelers through a network of regular flights.
The Qantas Group also operates Jetstar, a low-cost airline serving Australia and selected international markets.
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