China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) Upgraded to Buy by UBS Group

UBS Group upgraded shares of China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) from a neutral rating to a buy rating in a research note published on Monday morning, The Fly reports.

CEA has been the subject of a number of other research reports. Credit Suisse Group lowered Air China from a neutral rating to an underperform rating in a research report on Monday, June 10th. Goldman Sachs Group lowered EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday, July 10th. ValuEngine lowered Yara International ASA from a hold rating to a sell rating in a research report on Wednesday, March 27th. Finally, Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $33.00.

NYSE:CEA opened at $29.19 on Monday. China Eastern Airlines Corp. Ltd. ADR Class H has a 12-month low of $25.68 and a 12-month high of $42.50. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 0.35 and a beta of 1.61. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 2.02. The firm’s 50 day moving average is $28.76.

China Eastern Airlines Corp. Ltd. ADR Class H (NYSE:CEA) last released its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter. China Eastern Airlines Corp. Ltd. ADR Class H had a return on equity of 4.32% and a net margin of 2.31%. The business had revenue of $4.45 billion during the quarter. As a group, sell-side analysts forecast that China Eastern Airlines Corp. Ltd. ADR Class H will post 3.32 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Private Capital Group LLC boosted its position in China Eastern Airlines Corp. Ltd. ADR Class H by 52.0% during the 1st quarter. Private Capital Group LLC now owns 2,267 shares of the transportation company’s stock worth $78,000 after acquiring an additional 776 shares during the period. Comerica Bank acquired a new position in China Eastern Airlines Corp. Ltd. ADR Class H during the 1st quarter worth $274,000. Finally, Jane Street Group LLC boosted its position in China Eastern Airlines Corp. Ltd. ADR Class H by 76.4% during the 4th quarter. Jane Street Group LLC now owns 26,109 shares of the transportation company’s stock worth $715,000 after acquiring an additional 11,309 shares during the period. Institutional investors own 0.08% of the company’s stock.

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

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