Cathay Pacific Airways (OTCMKTS:CPCAY) Hits New 12-Month High – Should You Buy?

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAYGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.50 and last traded at $8.3340, with a volume of 7411 shares. The stock had previously closed at $8.29.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cathay Pacific Airways presently has a consensus rating of “Reduce”.

Get Our Latest Research Report on CPCAY

Cathay Pacific Airways Stock Up 0.5%

The firm’s 50-day moving average price is $7.98 and its two-hundred day moving average price is $7.41.

Cathay Pacific Airways Company Profile

(Get Free Report)

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.

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