Cathay Pacific Airways Ltd. (CPCAY) Lowered to “Sell” at Zacks Investment Research
 

Cathay Pacific Airways Ltd. (CPCAY) Lowered to ?Sell? at Zacks Investment Research

Zacks Investment Research cut shares of Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

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. “

Shares of Cathay Pacific Airways (OTCMKTS:CPCAY) traded down 0.71% on Thursday, hitting $7.03. The stock had a trading volume of 1,006 shares. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 9.76 and a beta of 1.23. The firm’s 50-day moving average is $7.33 and its 200-day moving average is $7.83. Cathay Pacific Airways has a one year low of $6.99 and a one year high of $10.12.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is an international airline. The Company offers scheduled passenger and cargo services to approximately 180 destinations in over 50 countries and territories. The Company operates through two segments: airline business and non-airline business. The airline business segment comprises the Company’s passenger and cargo operations.

I would not put too much weight behind that article as they seem a bit misguided. Not saying all is rosy but CX shares have not been below 10 for about 7 years. A one year low of $6.99 is just untrue.

FYI Sloppy.. CPCAY is the U.S. traded bundle of CX shares. It's USD7 not HKD7.

:O:ok:

.....

I thought the initial plan was to milk CX for all it was worth and drive the share price up on the illusion of leanness and profitability through mindless cost cutting for the eventual sale to the Chinese government?

Has it now changed to making it as worthless as possible so the whole mess of an operation will be easier to sell?

:}

It will probably not be long before Swire's divest themselves from their large shareholding.
Likely they will retain a very small percentage, just to keep the Swire logo attached to the Cathay Pacific brand name, while our mainland cousins up North assume total practical control.
Good times ahead! ��

How long have people here been spouting that nonsense. Getting old...

Not old at all. The company is being milked and the time to relinquish control is very near. No choice.

Swire logo no longer on the new aircraft.. I expect them to be bought

Pretty sure the Swire logo is present and correct on all the A50s.

From Airways News


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