Air China (AIRYY) Lifted to “Buy” at Jefferies Financial Group

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Jefferies Financial Group upgraded shares of Air China (OTCMKTS:AIRYY) from an underperform rating to a buy rating in a report released on Wednesday, September 19th, MarketBeat Ratings reports. Jefferies Financial Group also issued estimates for Air China’s FY2018 earnings at $0.81 EPS, FY2019 earnings at $0.96 EPS and FY2020 earnings at $1.28 EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Air China from a sell rating to a hold rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. cut Air China from an overweight rating to a neutral rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded Air China from a strong sell rating to a hold rating in a report on Wednesday, July 4th. Finally, Daiwa Capital Markets raised Air China from an underperform rating to a neutral rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold.

Shares of OTCMKTS AIRYY remained flat at $$16.94 on Wednesday. 15 shares of the stock were exchanged, compared to its average volume of 1,954. Air China has a one year low of $16.15 and a one year high of $32.26. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.26 and a quick ratio of 0.24.

Air China (OTCMKTS:AIRYY) last issued its earnings results on Friday, August 31st. The transportation company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $5.12 billion for the quarter. On average, analysts expect that Air China will post 0.81 earnings per share for the current fiscal year.

Air China Company Profile

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. It operates through Airline Operations and Other Operations segments.

Further Reading: Closed-End Mutual Funds

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