Shares of Qantas Airways Limited (OTCMKTS:QABSY – Get Free Report) were down 0.6% during trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $36.49 and last traded at $36.58. Approximately 21,327 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 52,907 shares. The stock had previously closed at $36.79.
Qantas Airways Trading Down 0.8%
The business has a fifty day moving average of $33.32 and a 200 day moving average of $33.47.
Qantas Airways Company Profile
Qantas Airways Limited is Australia’s flag carrier and one of the world’s oldest continuously operating airlines. The company provides a broad range of air transport services including scheduled passenger flights, air freight logistics, aircraft maintenance and engineering, and in-flight catering. It also operates a leading loyalty program, Qantas Frequent Flyer, which serves as a cornerstone of its revenue diversification strategy.
Founded in 1920 in Winton, Queensland, Qantas initially served remote outback communities before expanding into a national carrier following World War II.
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