Zacks Research cut shares of Qantas Airways (OTCMKTS:QABSY – Free Report) from a hold rating to a strong sell rating in a research report released on Monday morning,Zacks reports.
Qantas Airways Stock Performance
Shares of QABSY stock opened at $30.64 on Monday. Qantas Airways has a 1-year low of $28.15 and a 1-year high of $39.21. The business has a 50-day moving average of $33.49 and a 200 day moving average of $33.15.
Qantas Airways Company Profile
Qantas Airways Limited is Australia’s national airline and the parent company of the Qantas Group. Founded in 1920, the company operates passenger air transportation, air cargo and related travel businesses under the Qantas and Jetstar brands.
Qantas provides domestic and international scheduled flights, while Jetstar offers value-focused air travel in Australia and selected markets across the Asia-Pacific region. The group also operates freight services, holiday and travel businesses, and the Qantas Frequent Flyer loyalty program.
The Qantas Group serves destinations throughout Australia and connects the country with markets across New Zealand, Asia, Europe, North America and the South Pacific.
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