China Eastern Airlines Corp. Ltd. ADR Class H (CEA) Upgraded by Credit Suisse Group to “Outperform”

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports.

Other equities analysts have also issued reports about the company. Jefferies Financial Group raised China Eastern Airlines Corp. Ltd. ADR Class H from an “underperform” rating to a “buy” rating in a research note on Wednesday, September 19th. Zacks Investment Research raised China Eastern Airlines Corp. Ltd. ADR Class H from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy”.

Shares of CEA opened at $28.34 on Friday. China Eastern Airlines Corp. Ltd. ADR Class H has a 52-week low of $25.68 and a 52-week high of $45.33. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of -3.79 and a beta of 1.62.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last issued its quarterly earnings results on Friday, October 26th. The transportation company reported $1.10 earnings per share (EPS) for the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a return on equity of 4.85% and a net margin of 2.58%. The firm had revenue of $4.92 billion for the quarter. Equities analysts predict that China Eastern Airlines Corp. Ltd. ADR Class H will post 0.8 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Rehmann Capital Advisory Group purchased a new stake in China Eastern Airlines Corp. Ltd. ADR Class H in the 3rd quarter valued at $160,000. Bank of Montreal Can purchased a new stake in China Eastern Airlines Corp. Ltd. ADR Class H in the 3rd quarter valued at $312,000. Jane Street Group LLC purchased a new stake in China Eastern Airlines Corp. Ltd. ADR Class H in the 3rd quarter valued at $472,000. Northern Trust Corp raised its position in China Eastern Airlines Corp. Ltd. ADR Class H by 11.5% in the 2nd quarter. Northern Trust Corp now owns 35,969 shares of the transportation company’s stock valued at $1,228,000 after buying an additional 3,724 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in China Eastern Airlines Corp. Ltd. ADR Class H by 11.3% in the 3rd quarter. Renaissance Technologies LLC now owns 91,400 shares of the transportation company’s stock valued at $2,917,000 after buying an additional 9,300 shares during the last quarter. 0.09% of the stock is currently owned by institutional investors.

China Eastern Airlines Corp. Ltd. ADR Class H Company Profile

China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China and internationally. The company offers passenger, cargo, mail delivery, ground, cargo handling, tour operations, air catering, and other extended transportation services.

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The Fly

Analyst Recommendations for China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA)

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