Cathay Pacific Airways (OTCMKTS:CPCAY) Shares Gap Up on Analyst Upgrade

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) gapped up prior to trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $8.3340, but opened at $9.10. Cathay Pacific Airways shares last traded at $8.83, with a volume of 23,652 shares changing hands.

Separately, Citigroup lowered shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cathay Pacific Airways presently has an average rating of “Hold”.

Cathay Pacific Airways Price Performance

The business’s 50 day moving average is $8.06 and its 200 day moving average is $7.46.

Cathay Pacific Airways Company Profile

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.