Qantas Airways Stock Rating Upgraded by CIMB (QAN)

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Qantas Airways (ASX:QAN) was upgraded by research analysts at CIMB to a “hold” rating in a report released on Thursday, Analyst Ratings Network reports. The firm currently has a $1.39 target price on the stock.

Shares of Qantas Airways (ASX:QAN) traded up 0.97% during mid-day trading on Thursday, hitting A$1.040. The stock had a trading volume of 9,161,434 shares. Qantas Airways has a 52-week low of A$0.952 and a 52-week high of A$1.900. The stock has a 50-day moving average of A$1.09 and a 200-day moving average of A$1.24. The company has a market cap of A$2.307 billion and a price-to-earnings ratio of 515.00.

QAN has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Qantas Airways in a research note to investors on Tuesday, December 24th. They now have a $300.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Qantas Airways presently has a consensus rating of “Hold” and a consensus target price of A$101.12 ($88.70).

Qantas Airways Limited is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program.

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