Air China (OTCMKTS:AIRYY) Shares Gap Up – Time to Buy?

Shares of Air China Ltd. (OTCMKTS:AIRYY) gapped up before the market opened on Thursday. The stock had previously closed at $8.95, but opened at $9.92. Air China shares last traded at $9.92, with a volume of 1,250 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Air China to a “hold” rating in a report on Friday, August 7th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Air China Price Performance

The stock has a market capitalization of $8.65 billion, a PE ratio of -10.55 and a beta of 0.11. The company’s 50 day moving average price is $9.50 and its two-hundred day moving average price is $12.25.

Air China (OTCMKTS:AIRYY) last announced its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.79. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Air China had a negative net margin of 3.02% and a negative return on equity of 14.97%. Analysts forecast that Air China Ltd. will post -0.56 earnings per share for the current year.

About Air China

Air China Limited is a China-based commercial airline and the country’s national flag carrier. The company provides scheduled passenger air transportation, air cargo services and related aviation services through its principal operating brands, including Air China.

Headquartered in Beijing, Air China serves destinations across mainland China and connects the country with international markets in Asia, Europe, North America, Oceania and other regions. Its operations include domestic and long-haul international flights, as well as services related to freight transportation, aircraft maintenance and airline catering.

Air China was established in 1988 and has developed into one of China’s largest airlines.