Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) from a hold rating to a buy rating in a research note released on Tuesday, October 17th. Zacks Investment Research currently has $9.00 price objective on the transportation company’s stock.

According to Zacks, “CATHAY PACIFIC AIRWAY’s principal activity is the operation of an international airline based and registered in Hong Kong. Other activities include airline catering, aircraft handling and engineering. The Group offers scheduled passenger and cargo services to 62 destinations around the world. It operates in Hong Kong, Mainland China, Japan, Korea, Taiwan, South East Asia, Middle East, Europe, Pacific and South Africa. “

Separately, Goldman Sachs Group, Inc. (The) raised shares of Cathay Pacific Airways from a neutral rating to a buy rating in a research note on Thursday, August 17th.

Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) traded up $0.02 during trading on Tuesday, reaching $8.41. 534 shares of the company’s stock were exchanged, compared to its average volume of 1,410. Cathay Pacific Airways has a 1 year low of $6.36 and a 1 year high of $8.55.

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Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates its businesses through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation.

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