Air China (AIRYY) Lifted to “Hold” at Zacks Investment Research

Air China (OTCMKTS:AIRYY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other analysts have also recently issued reports about the company. Daiwa Capital Markets raised Air China from an “underperform” rating to a “neutral” rating in a research report on Monday, August 6th. ValuEngine cut Air China from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Jefferies Financial Group raised Air China from an “underperform” rating to a “buy” rating in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold”.

Air China stock traded down $0.52 during trading hours on Tuesday, hitting $19.06. 1,505 shares of the stock traded hands, compared to its average volume of 602. The company has a quick ratio of 0.24, a current ratio of 0.26 and a debt-to-equity ratio of 0.59. Air China has a one year low of $15.01 and a one year high of $32.26.

Air China (OTCMKTS:AIRYY) last posted its quarterly earnings data on Friday, August 31st. The transportation company reported $0.20 earnings per share for the quarter. The firm had revenue of $5.12 billion for the quarter. Sell-side analysts forecast that Air China will post 0.81 earnings per share for the current year.

Air China Company Profile

Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, Europe, North America, Japan, Korea, the Asia Pacific, and internationally. It operates through Airline Operations and Other Operations segments.

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