China Eastern Airlines (NYSE:CEA) Lowered to “Sell” at Zacks Investment Research
China Eastern Airlines (NYSE:CEA) Lowered to “Sell” at Zacks Investment Research According to Zacks, “China Eastern is involved in the Transportation Industry, and is the primary air carrier serving Shanghai, China’s eastern gateway. “ Credit Suisse Group cut shares of China Eastern Airlines from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 15th. HSBC raised China Eastern Airlines from a “reduce” rating to a “hold” rating in a research report on Friday, April 1st. For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for China Eastern Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Eastern Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
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China Eastern Airlines (NYSE:CEA – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.
According to Zacks, “China Eastern is involved in the Transportation Industry, and is the primary air carrier serving Shanghai, China’s eastern gateway. “
Other analysts have also recently issued reports about the stock. Credit Suisse Group cut shares of China Eastern Airlines from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 15th. Jefferies Financial Group cut China Eastern Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. HSBC raised China Eastern Airlines from a “reduce” rating to a “hold” rating in a research report on Friday, April 1st. JPMorgan Chase & Co. raised shares of China Eastern Airlines from a “neutral” rating to an “overweight” rating in a research note on Monday, April 18th. Finally, The Goldman Sachs Group started coverage on shares of China Eastern Airlines in a research note on Wednesday, February 9th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
China Eastern Airlines (NYSE:CEA – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The transportation company reported ($3.26) earnings per share for the quarter. China Eastern Airlines had a negative return on equity of 31.51% and a negative net margin of 24.49%. The business had revenue of $2 billion during the quarter. On average, sell-side analysts predict that China Eastern Airlines will post -4.78 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in China Eastern Airlines by 12.7% in the 3rd quarter. Jane Street Group LLC now owns 34,148 shares of the transportation company’s stock valued at $652,000 after acquiring an additional 3,844 shares during the last quarter. Veriti Management LLC bought a new position in shares of China Eastern Airlines in the first quarter worth about $402,000. Finally, OLD Mission Capital LLC bought a new position in shares of China Eastern Airlines in the third quarter worth about $564,000. Institutional investors own 0.05% of the company’s stock.
China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers passenger, cargo, mail delivery, ground, tour operations, air catering, and other miscellaneous services.
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Get a free copy of the Zacks research report on China Eastern Airlines (CEA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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Chủ đề: Markets, Aviation, China, Airlines, NYSE