Zacks Investment Research upgraded shares of Air China Ltd. (OTCMKTS:AIRYY) from a hold rating to a strong-buy rating in a report published on Friday, May 12th. Zacks Investment Research currently has $21.00 target price on the transportation company’s stock.
According to Zacks, “Air China Limited provides airline and airline-related services. It provides air passenger and air cargo services along with aircraft engineering, ground services, air catering services and other airline related services. Its ground services include passengers’ entry, departure and transit services, special passenger services, irregular flight passenger services, passenger luggage services, tarmac load and unload services, cabin cleaning services and supply of various ground equipments and special vehicles. The company also involves in import and export trading, manufacture and retail of aircraft supplies, provision of air ticketing services, human resources services, aircraft maintenance and repair services. Air China takes the responsibility of special plane task for Chinese national leaders visiting abroad, and foreign leaders and governmental leaders visiting China. Air China Limited is headquartered in Beijing, the People’s Republic of China. “
Shares of Air China (AIRYY) remained flat at $20.42 on Friday. The stock has a 50 day moving average price of $18.87 and a 200 day moving average price of $15.88. Air China has a 1-year low of $12.80 and a 1-year high of $20.64. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 15.01 and a beta of 1.48.
About Air China
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