Qantas Airways (OTCMKTS:QABSY) Stock Price Down 1.3% – Should You Sell?

Qantas Airways Limited (OTCMKTS:QABSY) shares traded down 1.3% during mid-day trading on Thursday . The stock traded as low as $32.04 and last traded at $32.26. Approximately 47,310 shares changed hands during trading, an increase of 102% from the average daily volume of 23,399 shares. The stock had previously closed at $32.70.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Qantas Airways from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Qantas Airways Stock Down 1.3%

The stock has a fifty day moving average of $35.21 and a two-hundred day moving average of $33.30.

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.