Cathay Pacific Airways Ltd. (CPCAY) Upgraded to “Buy” at Goldman Sachs Group, Inc. (The)

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was upgraded by research analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.

Separately, Zacks Investment Research downgraded Cathay Pacific Airways from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th.

Cathay Pacific Airways (OTCMKTS:CPCAY) opened at 7.60 on Thursday. The stock’s market cap is $5.98 billion. The stock’s 50 day moving average price is $7.77 and its 200-day moving average price is $7.42. Cathay Pacific Airways has a one year low of $6.36 and a one year high of $8.15.

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Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is a Hong Kong-based investment holding company principally engaged in airline and related businesses. The Company operates its businesses through two segments. The Airline segment is engaged in passenger transport and cargo transport. The Non-airline segment is engaged in the provision of catering, ground handling and aircraft ramp handling services, as well as cargo terminals operation.

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