Air China (AIRYY) Expected to Post Earnings on Friday

Air China (OTCMKTS:AIRYY) is expected to be announcing its resultson Friday, September 18th. Analysts expect the company to post earnings of ($0.4903) per share and revenue of $3.5623 billion for the quarter.

Air China Trading Up 2.8%

Air China stock opened at $9.30 on Thursday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.26 and a current ratio of 0.30. The business’s 50-day simple moving average is $10.21 and its 200-day simple moving average is $11.68. The firm has a market capitalization of $8.11 billion, a PE ratio of 29.06 and a beta of 0.13. Air China has a 52 week low of $9.05 and a 52 week high of $19.00.

Analysts Set New Price Targets

Separately, Zacks Research raised Air China to a “hold” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Air China presently has a consensus rating of “Hold”.

About Air China

Air China Limited is a China-based airline and the country’s national flag carrier. Headquartered in Beijing, the company provides scheduled passenger and air cargo transportation services, along with aircraft maintenance, airport services and other aviation-related activities.

Founded in 1988, Air China operates an extensive network linking major cities in mainland China with destinations across Asia, Europe, North America, Oceania and other international markets. Its services include domestic and international flights, connecting passengers through key hubs such as Beijing, Chengdu and Shanghai.

Air China is part of China National Aviation Holding Corporation and has interests in or relationships with several aviation businesses, including Shenzhen Airlines and Air Macau.